The EURUSD pair declined in its latest intraday trading, stabilizing at the support level of 1.1485, which had been identified as a price target in our previous analysis.
This performance comes amid continued negative pressure, as the pair is trading below EMA50, reinforcing the dominance and stability of the main short-term downtrend. At the same time, negative signals continue to emerge from the relative strength indicators, supporting the likelihood of ongoing pressure on the pair’s movements in the near term.
The (BTCUSD) price deepened its losses in its last intraday trading, amid the dominance of the bearish corrective trend on the short-term basis, with its trading alongside supportive trend line for this track, besides the continuation of the negative pressure due to its trading below EMA50, besides the emergence of negative signals from the relative strength indicators, despite its stability in the oversold levels.
Crude oil price keeps series of consecutive gains in its last intraday trading, taking advantage of the dynamic support that is represented by its trading above EMA50, reinforcing the stability and dominance of the main bullish trend on short-term basis, with the emerging of positive signals from the relative strength indicators, after offloading its overbought conditions.
Gold price settles in sudden gains in its last intraday trading, supported by the emergence of the positive signals from the relative strength indicators, on the other hand, the price remains under negative pressure due to its trading below EMA50, affected by the dominance of the main bearish trend on the short-term basis, reducing the chances of sustainable recovery on the near-term basis.