The (EURUSD) witnessed fluctuations on its last intraday levels, amid the continuation of the negative pressure that comes from its stability below its EMA50, with its failure to surpass the critical resistance at 1.1730, to remain under the dominance of the bearish correction trend on the short-term basis and its trading alongside trendline for this track.
Accompanied by the negative signals emerging from the relative strength indicators, after reaching overbought levels, which indicate the fading of the bullish momentum and reinforces the chances for the continuation of the negative pressure on the near-term basis.
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The (BTCUSD) price witnessed sharp rise in its last trading on the intraday levels, after breaching the key resistance level at $112,000, opening the way for targeting the next resistance level at $113,800, as we expected in our morning analysis, taking advantage of the dynamic support that is represented by its trading above EMA50, on the other hand, noticing that the relative strength indicators reached overbought levels, which might reduce the gains temporarily.
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The (crude oil) continued the decline in its last intraday trading, ending hopes of its recovery on a short-term basis, where it surpassed the support of its EMA50, besides the emergence of the negative signals on the relative strength indicators, despite reaching oversold levels, which might limit the losses temporarily, and more potential downside moves on the near-term basis.
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The (Gold) price extended its gains in its last intraday trading, to continue recording new all-time highs in every step to the upside, settled above $3,800 support, supported by its continued trading above its EMA50, and under the dominance of the main bullish trend line on the short-term basis and its trading alongside supportive trend line for this track.
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