EURUSD declined in recent intraday trading after breaking below EMA50, increasing bearish pressure and reinforcing the short-term downtrend.

Negative pressure increased by the negative signals from the relative strength indicators continue to support sellers after the pair exited its oversold condition, reducing rebound prospects. The dominant short-term trend remains bearish, with price moving along a descending trendline that favors further weakness.

Bitcoin (BTCUSD) kept declining during its recent intraday movements, breaking the support level at $68,000. This support represented our expected target in our previous analysis, amid the dominance of the main bearish trend on the short-term basis, with the emergence of negative signals from the relative strength indicators, despite reaching oversold levels.

Crude oil prices reinforced its strong gains during recent intraday trading, supported by the emergence of the positive signals from the relative strength indicators, after offloading its overbought conditions, opening the way for achieving these gains, surpassing the resistance of its EMA50, to get rid of its negative pressure to attack minor bearish trend line on the short-term basis.

Gold prices declined during recent intraday trading, keeping the main bearish trend valid in the short-term basis, with its trading alongside supportive trend line for this path, to surpass the support of its EMA50, end the hopes of continuing its recovery on the near period, especially with the emergence of the negative signals from the relative strength indicators, after reaching overbought levels.