Oil Prices Plummet Amid Bearish Trends, EURUSD Rises on Bullish Wave

The price of crude oil declined to $75.00 during its latest intraday trading session, reaching the support level we previously identified as our target.

This downturn was driven by the dominance of a bearish trend on the short-term basis and reinforced by the emergence of negative signals from relative strength indicators after they formed a negative divergence at overbought levels.

The EURUSD pair, however, rose during its recent intraday trading session amid the prevalence of a strong short-term bullish wave.

Ethereum Classic (ETCUSD) continued to trade within a volatile range as it remained under the control of a primary short-term downtrend with price action following a descending trendline that supports the prevailing bearish bias.