The (EURUSD) declined during its latest intraday trading, in a move that appears to be a temporary correction aimed at rebuilding the positive momentum needed to resume its upward movement, with the continuation of trading above EMA50, which is still providing key dynamic support. At the same time, the corrective bullish trend remains dominant, with the price moving along major and minor trendlines that support this trajectory.
On the other hand, some negative signals appeared on the relative strength indicators after reaching overbought levels. This may create temporary pressure that could slow the pace of the rise in the near term, without canceling the bullish outlook in the short term, as long as the price remains stable above current support levels.
The (BTCUSD) price is experiencing strong gains in its last intraday trading, reaching the stubborn resistance at $71,500, taking advantage of the positive signals from the relative strength indicators, after reaching oversold levels, and there is continued dynamic support due to its trading above EMA50, where a minor bullish trend is the dominant on the short-term trading, reinforcing extending its gains in the upcoming near period.
Crude oil price slipped lower in its last intraday trading, due to the stability of the resistance at $94.70, accompanied by forming negative divergence on the relative strength indicators, after reaching overbought levels, exaggeratedly compared to the price move, with the emergence of the negative signals from them, amid the dominance of bearish corrective wave on the short-term basis, with the continuation of the negative pressure due to its trading below EMA50, intensifying the negative pressure on the price.
Gold extended its gains in its last intraday trading, preparing to reach $4,800 key resistance level, supported by its continued trading above EMA50, reinforcing the stability of the bullish corrective trend on the short-term basis, noticing the emergence of the positive signals from the relative strength indicators, after reaching oversold levels.