The (EURUSD) price rose in its last intraday trading, to remain stable above 1.1900, showing that there are chances for resuming its previous gains, with tight sideways trading for gathering the required bullish momentum to recover and continue the upside track.
The dynamic support continues with its trading above EMA50, while we notice that the relative strength indicators have reached oversold levels compared to the price move, which might reinforce the likelihoods of bullish rebound in the upcoming period.
Therefore, we suggest a rise in (EURUSD)price’s upcoming intraday trading, if it settles above 1.1900 resistance to target its next resistance at 1.1970.
The expected trading range is between 1.1865 support and 1.1970 resistance.
Today's forecast: Bullish
The (BTCUSD) price rose in its last intraday trading, attempting to offload its clear oversold conditions on relative strength indicators, especially with the emergence of positive overlapping signals from there, amid the continuation of the negative dynamic pressure that is represented by its trading below EMA50, which keeps the price under the dominance of the main bearish trend on short-term basis, and reduces the chances of its recovery on near-term basis.
The (crude oil) price fluctuated on its last intraday levels, waiting for entering a new bullish momentum that pushes the price to resume its gains in the upcoming period, especially after offloading its overbought conditions on relative strength indicators, amid the continuation of the dynamic support that is represented by its trading above EMA50, and under the dominance of the main bullish trend on short-term basis.
Gold price witnesses fluctuating trading on its last intraday levels, in attempt to gain bullish momentum that might help it to recover and rise again, taking advantage of its stability above $5,000, and there is a dynamic support that is represented by its trading above EMA50, besides the emergence of positive overlapping signals on relative strength indicators, after offloading its overbought conditions, opening the way for moving higher in near term basis.