The (EURUSD) price fluctuated in its last intraday trading, with the emergence of negative signals from relative strength indicators, while the price attempts to gain bullish momentum that might provide an opportunity for its recovery and return to rise.
This comes amid the continuation of the dynamic support due to its trading above EMA50, reinforcing the strength of the main bullish trend on short-term basis, especially with the continuation of its trading alongside supportive trend line for this path.
Therefore, we suggest a rise in (EURUSD)price’s upcoming intraday trading, if it settles above 1.1900 key resistance, to target its next resistance at 1.1970.
The expected trading range is between 1.1830 support and 1.1950 resistance.
Today's forecast: Bullish
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The (crude oil) price kept declining on its last intraday levels, looking for higher low to take it as a base that might help it to gain the required bullish momentum for its recovery, to lean on EMA50’s support, which reinforces the chances of the recovery on near-term basis, especially with its trading alongside bullish trend line on short-term basis, with the relative strength indicators reaching oversold levels, exaggeratedly compared to the price move, indicating the beginning of positive divergence.
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