EURUSD declined in recent intraday trading after breaking below the 1.1390 support level, our final downside target. The break confirms continued selling pressure and bearish control, amid weak positive momentum.

The pair remains below its EMA50, which continues to support the short-term downtrend. However, relative strength indicators have entered oversold territory, which may slow further losses and allow for a corrective rebound or temporary consolidation before the next move.

Bitcoin witnessed limited gains in its latest intraday trading, due to the stability of the support level at $62,000, providing bullish momentum that supports the price attempt to recover some pf its oversold conditions on the relative strength indicators, especially with the beginning of positive overlapping signals emergence, affected by breaking bullish corrective trend line on the short-term basis.

Crude Oil declined in its last intraday trading, after offloading some of its oversold conditions on the relative strength indicators, opening the way for recording more losses in the near upcoming period, especially with the continuation of the negative pressure due to its trading below EMA50, which reinforces the stability and dominance of the main bearish trend on the short-term basis.

Gold rose during its latest intraday trading, due to the stability of the support level at $4,100, which represents our last expected target, providing bullish momentum that helped it to achieve these gains, to recover some previous losses, supported by the beginning of forming positive divergence on the relative strength indicators, besides the emergence of positive signals from them, amid the dominance of the main bearish trend on the short-term basis.