The EURUSD pair continued to decline during its latest intraday trading, reinforcing the short-term bearish outlook as sellers remain dominant and recovery attempts continue to weaken.

This performance comes as the pair continues to trade below its EMA50, which represents dynamic resistance, accompanied by a break below a short-term corrective bullish trendline that ended the chances for a near-term recovery and restored momentum to the main bearish trend. In addition, relative strength indicators are generating fresh negative signals, reinforcing expectations of the selling pressures continuation and recording further losses in the near term.

Bitcoin (BTCUSD) rose in its last intraday trading, affected by the positive momentum that comes from the stability of the key support at $58,000, supported by the emergence of the positive signals from the relative strength indicators, as they entered overbought levels, as a clear signals for a quick fading for this momentum, keeping the negative threatens valid, especially with reaching EMA50’s resistance, amid the dominance of the main bearish trend on the short-term basis.

Crude Oil prices declined in their latest intraday trading, with the continuation of the negative pressure that comes from its trading below EMA50, reinforcing the dominance of the main bearish trend on the short-term basis, with the emergence of positive overlapping signals from the relative strength indicators, after reaching oversold levels, which limits its downside moves in the near upcoming period.

Gold settles with strong gains in its recent intraday trading, supported by the stability of the key psychological support level at $4,000, providing positive momentum that reinforced by bullish signals from the relative strength indicators after they reached deeply oversold levels. Gold is now testing the pivotal resistance level at $4,100, a key resistance that will determine its near-term direction, accompanied by testing the EMA50’s resistance, adding further significance to this resistance zone.