The EURUSD pair is experiencing volatility in its recent intraday trading, supported by the stability of 1.1730 support. This level provided a positive push, reflected in the beginning of a bullish crossover on the relative strength indicators after reaching oversold areas, indicating a relative improvement in momentum.
Despite this, downside pressure remains in the short term due to the dominance of a bearish corrective wave, with the price continuing to trade below its EMA50. However, this performance does not cancel the overall bullish trend, as the price is still moving along a supportive trend line, keeping the chances of a renewed rise in the coming period intact.
Bitcoin price witnessed fluctuated trading on the latest intraday levels, attempting to gain bullish momentum that might help it to recover and rise again, attempting to offload its clear overbought conditions on the relative strength indicators, especially with the emergence of negative signals from them, amid the continuation of the dynamic support that is represented by its trading above EMA50, which reinforces the stability and dominance of the main bullish trend on short-term basis.
Crude oil prices surged higher in its latest intraday trading, supported by the emergence of the positive signals from the relative strength indicators, after reaching oversold levels, to breach bearish corrective trend line on the short-term basis, in a major step to get rid of the negative pressure, reaching EMA50’s resistance currently, in attempt to recover in the upcoming period.
Gold price declined during its latest intraday trading, to surpass EMA50’s support, which puts it under negative pressure that led it to deepen its losses, on the other hand, we notice the emergence of positive overlapping signals from the relative strength indicators, after reaching oversold levels, keeping the likelihoods of the price recovery valid if it kept the near support intact, especially with the dominance of the bullish corrective trend on short-term basis.