The EURUSD pair declined during its latest intraday trading, following the gains recorded in yesterday’s session as part of attempts to correct the main downward trend. Amid the price moves alongside a minor supportive trendline in the short term.

The pair is still facing negative pressure as it continues to trade below EMA50, which limits the chances of a full recovery in the near term. At the same time, we notice the beginning of a negative divergence forming on the relative strength indicators after reaching overbought levels compared to price movement, along with the appearance of a bearish crossover. This reinforces the likelihood of continued downward pressure.

The (BTCUSD) price experiences fluctuating trading on its last intraday levels, due to the stability of the key resistance at $74,000, to attempt to gain bullish momentum that might help it to breach this resistance, attempting to offload its clear overbought conditions on the relative strength indicators, especially with the emergence of negative overlapping signals, amid the dominance of the bullish corrective trend and its trading alongside main and minor trend lines, with the continuation of the positive support due to its trading above EMA50, reinforcing the recovery chances again.

The (crude oil) price declined in its last intraday trading, amid the emergence of the negative signals from relative strength indicators, after reaching overbought levels, in attempt to look for a higher low to take it as a base that may help it gain the required positive momentum for its recovery, 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.

Gold’s price continued its fluctuating trading on its last intraday levels, amid the continuation of the negative pressure due to its trading below EMA50, with the trading alongside minor bearish trend line on the short-term basis, intensifying the surrounded negative pressure, on the other hand, the main support of $5,000 remains stable against the downside movement, gaining renewed momentum that reinforces the emergence of the positive signals from the relative strength indicators, after reaching oversold levels.