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EURUSD shrinks its early gains-Analysis-04-08-2025
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EURUSD shrinks its early gains-Analysis-04-08-2025
Aug 3, 2025 8:56 PM

The (EURUSD) moved with slight rise in its last intraday trading, after it failed to keep the early gains, affected by the stability of the strong resistance at 1.1575, where the negative pressure remains valid by the trading below its EMA50, at the same time it attempts to gain positive momentum to breach the resistance and get rid of the surrounded selling pressures.

The pair is attempting to offload some of its clear overbought conditions on the (RSI), especially with the beginning of a negative overlapping signal appearance, amid the dominance of the minor bullish wave on its intraday trading, which might provide a chance for the rise unless they surpass the mentioned resistance.

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