The EURUSD pair edged slightly lower during its latest intraday trading, affected by the stability of the current resistance level at 1.1790, which had been a target in previous analyses. This pullback comes as part of a natural profit-taking move following a strong bullish wave, as the price attempts to rebuild the positive momentum needed to breach this level.
The pair is working to ease its overbought condition on the relative strength indicators, especially with the emergence of negative signals. Despite this, the bullish trend remains dominant in the short term, with the price moving along major and minor supportive trendlines, keeping the chances of breaking the resistance intact in the coming period.
Ethereum (ETHUSD) declined during its recent intraday trading, amid the continued attempts to look for rising low to take it as a base that might help it to gain the required bullish momentum for its recovery, leaning onEMA50’s support, in a last chance to gain this momentum, especially with the dominance of minor bullish wave on the short-term basis, with its trading alongside supportive trend line for this path, on the other hand, we notice the emergence of negative overlapping signals from the relative strength indicators, after offloading its oversold levels, obstructing the recovery attempts on the near-term basis.
Brent crude oil prices edged slightly higher in recent intraday trading, supported by the stability of the current support level at $93.50. Through this performance, the price is attempting to ease some of its clear oversold conditions on the relative strength indicators, especially with the emergence of positive signals.
This comes amid the dominance of a short-term corrective bearish wave, along with continued negative pressure due to trading below the EMA50, which increases the overall downside pressure surrounding the price.
Bitcoin (BTCUSD) has shown some volatility in its recent intraday trading, as the price attempts to take profits from its previous gains. At the same time, it is trying to ease some of its clear overbought conditions on the relative strength indicators, with the beginning of a negative crossover.
This comes as the price gathers positive momentum that may help it maintain the short-term bullish trend, particularly with the continued positive pressure resulting from trading above EMA50, which adds further strength to the overall price movement.