EURUSD is experiencing volatile intraday trading as the pair attempts to gain positive momentum that could help it break above the 1.1575 resistance level. The pair is also trying to overcome the negative pressure exerted by EMA50. Despite these bearish pressures, EURUSD continues to hold on to its recent gains, which clearly indicates the presence of strong positive momentum surrounding the pair and paves the way for further gains in the near term.
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Ethereum (ETHUSD) continues to trade in a volatile range as it attempts to ease overbought conditions on the relative strength indicators, which have begun to generate negative signals. At the same time, the price remains supported by trading above the EMA50, providing positive momentum that could help extend the short-term corrective uptrend if current resistance levels are broken, despite this support, the dominant trend remains bearish.
MoreBrent crude oil extended its losses during recent intraday trading, breaking below the $86.60 support level, which had been one of our previous downside targets. The price remains under persistent negative pressure from trading below the EMA50, reinforcing the dominant short-term bearish trend.
MoreBitcoin (BTCUSD) is trading in a volatile range as it attempts to build enough positive momentum to break above the key resistance level at $64,000. At the same time, the cryptocurrency is trying to ease its overbought conditions, with relative strength indicators beginning to generate negative signals.
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