Gold declined in its last intraday trading, in a truce to take breath and to gather the gains of its previous rises, attempting to offload its clear overbought conditions on the relative strength indicators, especially with the emergence of negative overlapping signals, amid the dominance of strong bullish corrective wave, supported by the continued trading above EMA50, reinforcing the chances of extending the wave in the near upcoming period, if it keeps the near support levels.

The EURUSD pair fluctuated in its last intraday trading, with the emergence of the positive signals from the relative strength indicators after reaching oversold levels, in attempt to offload this oversold levels, and the price is under negative pressure due to its trading below EMA50, with the dominance of the main bearish trend on the short-term basis.

The EURGBP activated the bullish corrective trend after reaching 0.8455 level, attempting to recover some losses by targeting 0.8538 level, forcing it to form some sideways trading by its fluctuation near 0.8520.

Note that the contradiction of the main indicators besides forming a key barrier at 0.8553 level against the current trading supports the chances of renewing the negative attempts, to expect reaching 0.8495, then attempting to renew the pressure on 0.8455 barrier to find an exit for resuming the bearish trend in the upcoming period trading.

The expected trading range for today is between 0.8495 and 0.8548

Trend forecast: Fluctuating

The EURJPY pair benefited from the repeated positive pressures that comes from the positive momentum that comes from the main indicators by forming strong support at 184.20 level against the last sideways trading, to activate the bullish trend by surpassing 186.00 level.

Providing positive close above 186.00 level is required for confirming its readiness to resume the bullish trend, to reach 186.65 level, attempting to reach the next main target at 187.40.

The expected trading range for today is between 185.75 and 186.60

Trend forecast: Bullish