The (EURUSD) declined slightly in its last intraday trading, after its failed attempt to breach the critical resistance at 1.1690, accompanied by reaching the resistance of the EMA50, besides hitting the bearish correctional trend line that limits its movement on the short-term basis.

The pair managed to offload its oversold conditions on the (RSI) in its last rise, which gave the price a limited margin to rise before the return of the selling pressures domination, which pushed it to decline again, amid the continuation of the bearish correctional trend.

Therefore, our expectations for the (EURUSD) suggest a decline in the intraday levels, conditioned by the stability of the resistance at 1.1690, to target the support at 1.1545.

The expected trading range is between 1.1545 support and 1.1690 resistance.

Today’s forecast: Bearish

The (BTCUSD) rose in the last intraday levels, preparing to reach the current resistance at $120,000, amid the continuation of the positive pressure due to its trading above its EMA50, and under the dominance of the main bullish trend on the short-term basis and its trading alongside a bias line, on the other hand, we notice the beginning of negative overlapping signals on the (RSI), after reaching overbought levels, which might decelerate the upcoming gains of the price.

The (crude oil) rose in its last intraday trading, supported by the emergence of the positive signals on the (RSI), amid its affection by breaking a main bullish trend line on the short-term basis, with the continuation of the negative pressure due to its trading below EMA50, preventing the price recovery on the near-term basis.

The (Gold) rose in its last intraday trading, due to its lean on the support of its EMA50, providing positive momentum that helped it to achieve these gains, with the emergence of the positive signals on the (RSI), attacking the critical resistance level at $3,365, and under the dominance of the bullish trend and its trading alongside a minor bias line on the short-term basis.