The EURUSD pair settled high during its latest intraday trading, benefiting from continued dynamic support as it trades above the EMA50, while the short-term bullish corrective trend remains dominant, with price moving alongside bearish trend line.

The relative strength indicators continue to generate positive signals that support the bullish momentum. However, they entered deeply overbought levels relative to the pair’s price action, which may limit the pair’s ability to extend its gains in the near term and could pave the way for a corrective decline before resuming the bullish trend.

Bitcoin (BTCUSD) surged higher in its last intraday trading, breaching $63,000 resistance, as it leans on EMA50’s support, gaining bullish momentum that helped it to achieve these gains, with the emergence of positive overlapping signals from the relative strength indicators, after reaching oversold levels, with the dominance of the bullish corrective trend on the short-term basis.

Crude Oil prices witnesses fluctuating trading in their latest intraday trading, amid the dominance of the main bearish trend on the short-term basis, with the continuation of the negative pressure that comes from its trading below EMA50, noticing the beginning of forming negative divergence on the relative strength indicators, after reaching exaggerated overbought levels compared to the price move, intensifying the negative pressure.

Gold rose in its recent intraday trading, amid the dominance of bullish corrective trading above EMA50, reinforcing the chances of extending these gains in the near period, especially with the emergence of positive overlapping signals on the relative strength indicators, reaching oversold levels exaggeratedly compared to the price move, which suggests the beginning of forming positive divergence.