Copper price confirmed breaching 50% Fibonacci correction level by its rally above $4.6600 level, to begin recording some of the waited gains by hitting $4.7800 level.

Note that stochastic attempt to exit the overbought level might force the price to provide some of the temporary sideways trading until gathering more of the positive momentum, reinforcing the chances for attacking the barrier at $4.8200, surpassing it will make the price achieve extra gains that might begin at $4.9000 and $4.9600.

The expected trading range for today is between $4.6800 and $4.8200

Trend forecast: Bullish

The EURUSD declined in its last trading on the intraday trading, affected by the negative signals on the (RSI), after entering overbought levels to offload this overbought condition and gaining some short-term basis gains.

This intraday decline remains moving within a main bullish track on the short-term basis, keeping its trading alongside the main and minor trend line, supported by its stability above EMA50, which reinforces the overall bullish overview.

The GBPUSD declined in its last intraday trading, to gather the gains of its previous rise, attempting to gain positive momentum, by offloading some of its clear overbought conditions on the (RSI), besides the negative signals that appear at this moment.

Amid the dominance of the main bullish trend and the trading alongside minor trendline on the short -term basis, which strengthens this trend, especially with the continuation of the positive support from moving above EMA50.