The price of gold continues its fluctuating sideways moves on its last intraday levels, amid its attempts to gain bullish momentum that might help it to recover and rise again, amid the dominance of minor bullish wave on short-term basis and its trading alongside trend line, with the continuation of the dynamic pressure that is represented by its trading above EMA50, on the other hand, we notice the emergence of the negative signals from relative strength, forming an obstacle against the price recovery on intraday basis.

The price of EURUSD declined in fluctuating trading on its last intraday levels, attempting to get rid of the negative pressure of EMA50, which led it to erase its early gains amid its trading alongside minor bullish trend line on short-term basis, with the emergence of positive signals from relative strength indicators, reinforcing the chances of the price rise in the upcoming period.

The EURNZD faced strong bearish pressure, forcing it to settle below 1.9950 resistance, affected by the main indicators’ negativity, to settle near 1.9725.

Forming extra barrier at 1.9800 level besides providing negative momentum by the main indicators makes us begin forming new bearish waves, to attempt to reach 1.9640 and 1.9570.

The expected trading range for today is between 1.9640 and 1.9760

Trend forecast: Bearish

The EURJPY pair provided clear negative close below 184.95, forcing it to activate the previously suggested bearish corrective trend by targeting 183.70 level.

The main indicators might push the price to provide mixed trading in the current period, but the stability below the resistance makes us keep waiting for gathering negative momentum, reinforcing the chances of reaching the next target at 183.00 and surpassing it might target 182.10 level.

The expected trading range for today is between 183.00 and 184.60

Trend forecast: Bearish