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EURUSD is in truce to catch breath-Analysis-07-08-2025
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EURUSD is in truce to catch breath-Analysis-07-08-2025
Aug 6, 2025 9:00 PM

The (EURUSD) declined slightly in its last intraday trading, affected by the stability of the critical resistance at 1.1670, which pushed the price to gather its early gains, besides the attempts to offload the clear overbought conditions on the (RSI), especially with the emergence of negative signs from there.

The price keeps its positive support by its stability above EMA50, besides the continuation of the minor bullish wave dominance on a short-term basis, providing new opportunity for resuming the rise if it succeeded in breaching the current resistance.

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