Gold price rose in its recent intraday trading, affected by the stability of the key support level at $4.700, gaining some positive momentum that helps it to settle amid the negative pressure that comes from its trading below EMA50, reducing the chances of gathering gains in the upcoming near period, however we might witness some current fluctuations, especially with the emergence of positive overlapping signals on the relative strength indicators, which might increase the positive momentum on the price.

The EURUSD pair rose in its recent intraday trading, affected by the stability of the ley support at 1.1670, gaining bullish momentum that helped it achieve these gains, supported by the emergence of the positive signals from the relative strength indicators, after reaching oversold levels, despite reaching below EMA50, with the dominance of bearish corrective wave on the short-term basis, keeping the bearish pressures valid with the continuation of moving lower likelihood in the upcoming near period.

Despite the weakness of the EURGBP last trading and its stability neat 0.8675 level, its overall stability within the minor bearish channel levels which are represented by 0.8715 level as an extension of the main resistance, besides providing negative momentum will increase the chances of targeting new negative stations that might begin at 0.8630 and 0.8600.

Stochastic is fluctuating near 20 level to provide extra negative momentum to activate the bearish trend and reaching the previously suggested stations.

The expected trading range for today is between 0.8630 and 0.8690

Trend forecast: Bearish

The EURJPY pair confirmed its surrender to the negative pressure by moving away from the barrier at 187.50, forming some bearish corrective waves, to settle near 186.45.

Note that stochastic approach from 20 level confirms providing extra negative momentum makes us prefer more corrective attempts, which might target 186.10 and 185.65 level.

The expected trading range for today is between 185.65 and 187.10

Trend forecast: Bearish