EURUSD Approaches a Key Resistance Level – Analysis –04-11-2026

Bitcoin (BTCUSD) extended its gains during its latest intraday trading, benefiting from the resilience of the key support level at $76,500, which provided positive momentum. These gains were further reinforced by positive signals emerging from the relative strength indicators after they reached deeply oversold levels.

Crude oil extended its decline during its latest intraday trading, reaching the $94.35 support level, which was the last price target in our previous analyses. This comes amid the dominance of a steep short-term bearish corrective wave, with continued negative pressure from trading below EMA50. In addition, a bearish crossover is beginning to emerge on the relative strength indicators after the price managed to ease its oversold conditions, opening the door for further losses in the near term.

Gold rose in its latest intraday trading, supported by the resilience of the $3,900 support level, which provided positive momentum and helped the price achieve these gains. We also note the emergence of a bullish crossover on the relative strength indicators after easing the overbought conditions. This could increase the chances of extending these gains cautiously in the near term.