The EURUSD pair continued its strong upward movement during its latest intraday trading, after successfully breaking above the key resistance level at 1.1720. This breakout clearly signals increasing bullish momentum, supported by consecutive positive signals from relative strength indicators, despite being in overbought territory, reflecting the strength of current momentum.

Amid the dominance of a short-term corrective upward trend, trading above EMA50 provides dynamic support and enhances the stability of the positive movement, increasing the chances of continued upward movement in the coming period, if the price settles above current support levels.

Bitcoin’s price rose higher during recent intraday trading, breaching $71,800 resistance, which was a potential target in our previous analysis, this rise is supported by the emergence of the positive signals from the relative strength indicators, by continued positive pressure due to its trading above EMA50, under the dominance of minor bullish wave on short-term basis.

Crude oil prices declined in its last intraday trading, after its failure in surpassing the negative pressure on EMA50, attempting to gain bullish momentum that might help it to recover again, and attempts to offload some of its clear overbought conditions on the relative strength indicators, especially with the emergence of the negative signals from them, amid the dominance of the main bullish trend on short-term basis.

Gold price continues its fluctuated trading on its last intraday levels, leaning on EMA50’s support, which prevented its decline and provided the renewed bullish momentum, amid the dominance of the bullish corrective trend on short-term basis, with the emergence of the positive signals from the relative strength indicators, after offloading its overbought conditions, providing higher ability to rise in the upcoming near period.