The (EURUSD) price witnessed clear fluctuating moves in its last intraday trading after reaching 1.1755 resistance, which represents expected target in our previous analysis, attempting to gather bullish momentum that might help it to breach this resistance, accompanied by its attempts to offload its overbought conditions on relative strength indicators, especially with the emergence of negative signals from there, opening the way for resuming its strong gains.
On the other hand, the price is leaning on key dynamic support that is represented by its trading above EMA50, affected positively by its exit from bearish corrective channel’s range on a short-term basis.
The (BTCUSD) price kept declining in its last intraday trading, reaching $90,000 support level, which represents our expected target in our previous analysis, affected by breaking main bullish trend line on a short-term basis, with the continuation of the negative pressure due to its trading below EMA50, on the other hand, we notice the emergence of positive overlapping signals from relative strength indicators, after reaching oversold levels, which might reduce the upcoming losses.
The (crude oil) price declined in its last intraday trading, after reaching our morning suggested target at $60.50 resistance, to gather the gains of its previous rises, attempting to gain bullish momentum that might help it to breach this resistance, amid the dominance of the bullish trend on short-term basis, with the continuation of the positive pressure due to its trading above EMA50, besides the emergence of positive signals from relative strength indicators.
(Gold) settles on a rise in the last intraday trading, amid the dominance of the main bullish trend and its trading alongside minor trend line on supportive short-term basis for this trend, to settle above $4,700 for the first time ever, benefiting from the dynamic support that is represented by its trading above EMA50, with the emergence of positive signals from relative strength indicators, despite reaching overbought levels.