The EURUSD pair recorded a slight uptick in its recent intraday trading, amid the dominance of a bearish corrective wave and its movement within a price channel. Negative pressure persists as the pair trades below EMA50, limiting the chances of a full recovery in the near term.
Despite that, some positive signs are emerging, with a bullish divergence beginning to form on the relative strength indicators, along with a bullish crossover. This comes as the price stabilizes at key support levels, including the 50-day and 50-week moving averages, which could pave the way for strong and sudden rebounds in the upcoming period if the pair manages to reclaim its nearby resistance levels.
Bitcoin (BTCUSD) slipped lower in its last intraday trading, approaching from our morning expected target at $75,500, affected by the stability of the resistance at $77,500 with a negative pressure due to its trading below EMA50, besides the beginning of forming negative divergence on the relative strength indicators, after reaching exaggerated overbought levels, with the emergence of the negative signals from them.
Crude oil prices kept rising in its recent intraday trading, to breach $102.00 resistance, this resistance was an expected target in our previous analysis, amid the dominance of minor bullish wave on short-term basis, with the continuation of the positive pressure that comes from its trading above EMA50, with the emergence of the positive signals from the relative strength indicators, despite reaching overbought levels.
Gold rose slightly during its recent intraday trading, in a desperate attempt to recover previous losses, with the emergence of negative signals from the relative strength indicators, after offloading its oversold conditions, which increased the negative pressure, especially with its trading below EMA50, with its moves alongside minor bearish trend line on the short-term basis.