The EURUSD pair continues to stabilize after a series of losses in its recent intraday trading, weighed down by ongoing negative pressure as it trades below EMA50, which still limits the chances of a full recovery in the near term.
Despite this, the pair is supported by a short-term bullish trendline, providing some positive momentum that helped halt the decline. This coincides with the emergence of a positive crossover of the relative strength indicators after reaching oversold levels, increasing the likelihood of a bullish rebound in the coming period to recover part of the previous losses.
Bitcoin price kept rising during the latest intraday trading, affected by breaching the key resistance at $77,500, amid the dominance of the main bullish trend on short-term basis, with the continuation of the positive pressure that comes from its trading above EMA50, proving renewed bullish momentum, with the emergence of the positive signals from the relative strength indicators.
Crude oil prices extended its gains in its latest intraday trading, surpassing the negative pressure of EMA50, supported by the emergence of the positive signals from the relative strength indicators, despite reaching overbought levels, affected by breaching bearish corrective trend line on short-term basis, which helped it to reinforce its last gains.
Gold price declined during its latest intraday trading, surrendering to the surrounding bearish pressure with the continuation of its trading below EMA50, which represents dynamic resistance that prevent its recover on the near term, affected by previous break below bullish corrective trend line on the short-term basis, besides the beginning of forming negative divergence on the relative strength indicators, after reaching overbought levels, exaggeratedly compared to the price move with the emergence of negative crossover.