The price of (Gold) witnessed fluctuated in its last intraday trading, due to its lean on the support line of minor bullish trend line on the short-term basis, gaining some of the bullish momentum that helped it to rise slightly, facing the negative pressure that comes from its trading below EMA50, besides the emergence of the negative signals on the relative strength indicators.

The price of (EURUSD) slipped lower in its last intraday trading, due to the stability of the resistance at 1.1540, amid the dominance of the main bearish trend and the trading alongside minor trend line on the short-term basis, with the beginning of forming negative divergence on the relative strength indicators, after reaching exaggerated overbought levels compared to the price move, with the emergence of the negative signals from there.

The EURGBP rose cautiously in its last trading, to hit the resistance of its EMA50, in attempt to offload some of its clear oversold conditions on the relative strength indicators, with the emergence of positive overlapping signals, affected by breaking bullish trend line on the short-term basis, intensifying the negative pressure on the pair, reinforcing the chances of the price decline on the near-term basis.

Therefore, our expectation suggests a decline in EURGBP’s last intraday trading, if the resistance settles at 0.8825, to target the key support at 0.8795.

The expected trading range for today is between 0.8795 and 0.8830

Trend forecast: Bearish

The EURJPY pair declined slightly in the last intraday levels, amid the emergence of the negative signals on the relative strength indicators, after reaching overbought levels, to gain bullish momentum that might help it to recover and rise again, amid the dominance of the main bullish trend and its trading alongside supportive trend line, and there is continued dynamic support due to its trading above EMA50, reinforcing the chances of its recovery in the upcoming perio.

Therefore, our expectations suggest a rise in the upcoming intraday trading, especially when breaching the key resistance at 181.90, targeting its next resistance at 183.00.

The expected trading range for today is between 180.75 and 183.00

Trend forecast: Bullish