The EURUSD pair remains in a slight decline during its recent intraday trading, after encountering EMA50’s resistance, which forced the price to reverse downward after failing to surpass it.

This decline comes alongside continued negative signals from relative strength indicators after reaching overbought levels, reflecting weakening bullish momentum in the short term, with a bearish corrective wave dominating the near-term trend. This could push the price to decline further in the coming period.

Bitcoin (BTCUSD) is deepening its losses in its last intraday trading, to break main bullish trend line on the short-term basis, accompanied by surpassing EMA50’s support, facing intensified negative pressure to change our scenario to the downside, especially with the emergence of the negative signals from the relative strength indicators.

Crude oil prices rose during recent intraday trading, taking advantage of the positive signals from the relative strength indicators, with the continuation of the dynamic pressure that is represented by its trading above EMA50, which provides the renewed positive momentum and keeps the positive track on the short-term basis.

Gold declined during its recent intraday trading, breaking $4,700 key support level, amid the continuation of the negative pressure due to its trading below EMA50, with the emergence of the negative signals from the relative strength indicators, after reaching overbought levels, moving alongside minor bearish trend line.