The EURUSD pair surged sharply during recent intraday trading, successfully breaking above the key resistance level at 1.1575, which represents the neckline of a short-term double-bottom pattern.

The move was supported by the pair’s breakout above the EMA50, reducing a major source of bearish pressure. EURUSD also breached a short-term descending trendline, reinforcing the improving technical outlook. At the same time, relative strength indicators have eased from overbought territory, allowing the pair greater room to continue climbing in the near term.

Bitcoin (BTCUSD) rose during its recent intraday trading sessions, attempting to breach the key resistance level at $64,000. A successful breakout would signal the cryptocurrency’s intention to continue its short-term corrective upward move.

This performance comes after Bitcoin managed to ease its overbought conditions on the relative strength indicators, providing additional room for further gains. The price also continues to receive dynamic support from trading above the 50-period simple moving average, while remaining under the influence of a short-term bullish corrective wave.

Crude Oil prices resumed their decline during recent intraday trading after easing some of the oversold conditions by the relative strength indicators, amid the dominance of the short-term bearish trend, with its trading alongside supportive trend for this path, besides the continuation of the negative pressure that comes from its trading below EMA50, reducing the chances of full recovery on the near-term basis.

Gold fluctuated in its last intraday trading, attempting to break above the current resistance level at $4,200, amid the dominance of a short-term bullish corrective wave, while negative pressure persists due to trading below EMA50.

At the same time, negative signals are beginning to emerge from the relative strength indicators after reaching heavily overbought levels, which threatens the recent gains with a potential bearish reversal at any moment.