Copper price surrendered to the sideways bias domination by its repeated fluctuation between 38.2% Fibonacci correction level, which represents extra support at $4.5000, while 50%Fibonacci correction level at $4.6600 represents an extra barrier against the attempt of resuming the bullish attack.

Noticing the stability of the moving average 55 above the current extra support, to reinforce the chances for renewing the bullish attempts, and surpassing $4.6600 level is important for opening the way for achieving extra gains that might extend towards $4.7500 and $4.8200.

The expected trading range for today is between 3.7500 and 4.0500

Trend forecast: Bullish

The price of the EURUSD rose in its last intraday trading, after it declined in its previous trading in order to look for a rising bottom to take it as a abase that might help it to gain positive momentum to recover, this decline makes it begin forming positive divergence in the (RSI), after reaching oversold levels, exaggerated compared with the price move, with the beginning of Positive signals appear, which adds more positive momentum on the upcoming trading.

The price of the GBPUSD rose in its recent intraday trading, after it succeeded to gain positive momentum by offloading some of the overbought conditions that appeared on the (RSI), now, we witness the beginning of positive overlapping signals, within the stability of the trading above 1.3200 level, supported by strong bullish wave on the short- term basis.

The price of the (USDJPY) declined in its recent intraday trading, as the short-term main bearish trend continues to dominate and the pair trades along a trendline. The continuation of the bearish pressure is supported by trading below the EMA50, getting ready for breaking the important support level at 142.25.