Copper price failed to activate the bullish trading, due to the continuation of the contradiction between the main indicators, which forces it to provide a new sideways fluctuated move, by approaching from the critical support at $3.9500, reminding you that holding above this support represents a main factor to reinforce the chances for its rally towards the positive stations at $4.4200 and $4.5600.

In case the price surrender to the negative pressure and breaking the critical support, so that will confirm its move to the bearish track, which pushes it to suffer several losses by reaching $3.8600 and $3.6700.

The expected trading range for today is between $4.000 and $4.3300

Trend forecast: Bullish

The (EURUSD) pair’s price ascend high in its recent intraday trading, supported by theEMA50, which provided positive momentum. This momentum helped the pair break through a descending corrective trend line on the intraday levels, also supported by the positive signals that come from the Relative Strength Index (RSI), after reaching oversold areas earlier, increasing the possibility of a bullish reversal.

The (GBPUSD) price has risen in its latest trading on the intraday levels, supported by a main bullish trend line on the short-term basis, accompanied with positive signals from the Relative Strength Index (RSI), after it reached oversold levels, which led it to recover and attack the current resistance level at 1.2864.

The (USDJPY) slipped lower in its recent intraday trades, settling once again below the 146.65, with the dominance of the main bearish trend on the short-term basis. Negative signals are emerging in the relative strength indicators (RSI), despite reaching oversold levels, which could help the price settle against the negative pressure.