The EURUSD pair declined during its recent intraday trading, by the continuation of the selling momentum dominant on the short-term basis, keeping the recovery chances limited in the current period.

This performance comes as the pair continues to trade below EMA50, which represents a dynamic resistance and reinforces the negative technical outlook. Meanwhile, the relative strength indicators began to show a bearish crossover after reaching heavily overbought levels, which reflects fading bullish momentum and increases the selling pressures, leading to further losses in the near term.

Bitcoin (BTCUSD) rose in its last intraday trading after the stability of $58,000 support, which represented our last expected target, gaining positive momentum that helped it achieve these gains, attempting to recover part of its previous losses, amid the dominance of the main short-term bearish trend.

Crude Oil prices rose in their latest intraday trading, with the emergence of positive signals from the relative strength indicators after reaching deeply oversold levels, in attempt to ease some of the oversold pressure and recover part of its previous losses, with the continuation of the negative pressure that comes from its trading below EMA50, which limits the chances of a sustainable recovery in the near period.

Gold rose in its recent intraday trading, attempting to recover part of its previous losses and ease some of the oversold conditions reflected by the relative strength indicators, particularly as positive signals continue to emerge from those indicators, with the continuation of the negative pressure due to its trading below EMA50, reinforcing the stability and dominance of the main short-term bearish trend.