The EURUSD price continued its decline during its latest intraday trading, to break the expected target in our previous analysis at1,570 support, amid the continuation of the dynamic and negative pressure that comes from the trading below EMA50, with the dominance of the main bearish trend on short-term basis, accompanied by the trading alongside minor supportive trend line for this path.
On the other hand, the relative strength indicators began showing positive overlapping signals after reaching sharp oversold levels, to indicate forming a positive divergence that might push the price to rebound higher and recover some of its losses in the upcoming period.
The (BTCUSD) price declined in its last intraday trading, leaning on EMA50’s support, in attempt to gain bullish momentum that might help it to rise again, amid the dominance of bullish corrective wave on short-term basis, with the emergence of positive signals from the relative strength indicators, after reaching oversold levels.
The (crude oil) price extended its gains in its last intraday trading, taking advantage of the positive signal’s emergence from the relative strength indicators, with the continuation of the positive and dynamic pressure that is represented by its trading above EMA50, reinforcing the stability and dominance of the main bullish trend on short-term basis.
Gold’s price declined in its last intraday trading, amid the stability of the stubborn resistance at $5,200, with the negative signals from relative strength indicators, surpassing EMA50’ support, reducing the chances of the price recovery in the upcoming near period, amid its trading alongside minor trend line on short-term basis.