Gold price is moving within limited range of tight sideways trading during its recent intraday trading, amid its attempts to gain bullish momentum that might help it recover and rise again, to remain stable on bullish corrective trend line on short-term basis, noticing the emergence of positive signals from the relative strength indicators, after reaching oversold levels.

The EURUSD pair rose in its recent intraday trading, attacking 1.1790 resistance, amid the dominance of the bullish trend on short-term basis, with the continuation of the dynamic support that is represented by its trading above EMA50, reinforcing the chances of extending these gains in the upcoming near period, especially with the emergence of the positive signals from the relative strength indicators, after reaching oversold levels.

The EURCHF remains stable until this moment below the resistance at 0.9310, to confirm its surrender to the main bearish trend dominance, however the contradiction of the main indicators pushed it to form weak trading by its fluctuation near 0.9230.

The price needs a new negative momentum to ease the mission of reaching below the moving average 55 that is represented by 0.9190 level, to ease the mission of targeting negative stations at 0.9140 and 0.9080.

The expected trading range for today is between 0.9190 and 0.9250

Trend forecast: Bearish

Despite the neediness of the positive momentum by the EURJPY pair, however its stability above 186.90 level supports the continuation of the positivity, attempting to record new gains by reaching 187.90 level. Gaining positive momentum makes us expect to form new bullish waves, to reach 188.35 followed by reaching the next main target at 188.80.

While facing negative pressure and reaching below 186.90 level will force it to delay the bullish trend and begin gathering gains by targeting 186.15 and 185.80 level initially. 

The expected trading range for today is between 187.00 and 188.85

Trend forecast: Bullish