The EURUSD pair is holding on to the gains achieved during recent intraday trading, supported by the stability of the key support of 1.1500, which was one of our previous targets, benefiting from positive signals from relative strength indicators, helping to maintain bullish momentum and push prices higher.
However, the rise faced resistance at the EMA50, slowing gains and creating some downside pressure. The pair is now attempting to gather enough momentum to breach this resistance, which could open the door for further recovery in the sessions ahead.
Bitcoin (BTCUSD) declined slightly during its recent intraday trading, by the emergence of the negative divergence of the relative strength indicators, after reaching overbought levels, exaggeratedly compared to the price move, with the beginning of negative crossover from them, after reaching EMA50’s resistance, which intensifies the negative pressures, amid the dominance of the main bearish trend on the short-term basis.
Crude oil prices rose during recent intraday trading, approaching from recovering all its early losses, despite these gains, it remains under negative pressure due to its trading below EMA50, with the dominance of the bearish corrective trend and its trading alongside minor trend line on the short-term basis, besides the emergence of the negative signals from the relative strength indicators, which might end the attempts of quick recovery.
Gold prices kept fluctuating during recent intraday trading, supported by the emergence of the positive signals from the relative strength indicator, after reaching oversold levels, which helped it to settle against the negative pressure that is represented by its trading below EMA50, with its stability below $4,100 to confirm breaking it.