The (EURUSD) price settled on limited gains in its latest intraday trading amid its attempts to correct the main bearish trend on short-term basis, amid its trading alongside supportive trend line for this negative track.

The negative pressures remain valid, as the price is moving below EMA50, which represents a dynamic resistance that reduces the chances of the strong recovery on near-term basis, accompanied by forming negative divergence on relative strength indicators after reaching exaggerated overbought levels compared to the price move, with the emergence of new negative signals, which might pave the way for potential return of the selling pressure at any moment.

Accordingly, we suggest a decline in EURUSD’s upcoming intraday trading, if 1.1690 resistance level holds, to target 1.1565 support.

The expected trading range is between 1.1590 support and 1.1690 resistance.

Today's forecast: Bearish

The (BTCUSD) price extended its gains in its last intraday trading, to breach $72,000 resistance, which represented an expected target in our previous analysis, taking advantage of the positive pressure due to its trading above EMA50, and under the dominance of bullish corrective wave on short-term basis alongside trend line.

The (crude oil) price declined in its last intraday trading, amid the emergence of negative signals from the relative strength indicators, and the pris is looking for higher low to use it as a base that might help it to gain the required bullish momentum for its recovery, amid the continuation of the dynamic support that is represented by its trading above EMA50, reinforcing the stability and dominance of the main bullish trend.

Gold price declined in its last intraday trading, affected by the stability of $5,200 resistance, accompanied by reaching EMA50’s resistance, which forced it to surrender to these negative pressures, affected by breaking bullish trend line on short-term basis.