The EURUSD pair surged during its latest intraday trading, after the key support level at 1.1380 successfully halted selling pressure, giving the pair positive momentum that helped it achieve a limited rebound and recover part of its previous losses.

Despite this improvement, the technical outlook remains cautious after the pair previously broke below a rising corrective trend line, while continuing to trade below its EMA50, which continues to act as dynamic resistance. Therefore, recovery prospects remain limited unless the pair manages to reclaim key technical resistance levels in the coming period.

Bitcoin (BTCUSD) slipped in its last intraday trading, to break a bullish trend line on the short-term basis, accompanied by surpassing EMA50, putting it under negative pressure in its near upcoming trading, especially by the emergence of oversold conditions, opening the way for recording more losses.

Crude Oil price declined in its last intraday trading, amid its attempts to look for a higher low to use it as a base that might help it to gain the required bullish momentum and rising again, amid the continuation of the positive support that comes from its trading above EMA50, reinforcing the stability and dominance of the bullish trend on the short-term basis, with its trading alongside main and minor trend lines that support this path, noticing that the relative strength indicators have entered exaggerated oversold levels compared to the price action, to indicate forming a positive divergence that intensifies the positive momentum.

Gold extended its cautious gains in its recent intraday trading, amid the emergence of the positive signals on the relative strength indicators, which provided bullish momentum that helped it to surpass the resistance of EMA50, as a strong step for bullish trend in the near period, but the main resistance level represents an obstacle against achieving full recovery, especially with the relative strength indicators’ reaching overbought levels, as a signal for losing bullish momentum quickly.