The EURUSD price slipped lower in its latest intraday trading, breaking1.1490 support level, which was our price target in previous analysis. The short-term bearish corrective trend remains dominant, alongside continued negative pressure from trading below EMA50, which acts as dynamic resistance and limits the chances of a price recovery.
This comes as negative signals emerge from the relative strength indicators, reflecting continued weakness in positive momentum and increasing downside pressures, keeping the bearish corrective trend in control of the pair’s movements in the near term.
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Bitcoin (BTCUSD) continues to trade within a volatile range during its latest intraday sessions, amid persistent negative pressure resulting from trading below EMA50, which represents dynamic resistance and reinforces the dominance and stability of the short-term bearish corrective trend. On the other hand, positive signals are emerging from the relative strength indicators after reaching severely oversold levels, creating a temporary state of balance before the price determines its next trend in the near term.
MoreCrude oil suffered a series of consecutive losses during its latest intraday trading, as the price attempts to find a higher low that could serve as a base to help it regain the positive momentum needed to resume its recovery. This comes as the relative strength indicators have reached excessively oversold territory compared with the price action, while the positive pressure generated by trading above EMA50 continues to provide dynamic support, reinforcing the stability and dominance of the main short-term bullish trend.
MoreGold kept its early gains from today, benefiting from the stability of the key support at $4,300, with the emergence of the positive signals on the relative strength indicators, which entered overbought levels, threatening these gains by a bearish rebound, especially by reaching EMA50’s resistance, accompanied by testing a bearish corrective trend line on the short-term basis.
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