Gold price shows sideways and tight trades since morning, and the temporary intraday bearish trend scenario active for today, waiting to test 1960.00 level mainly, reminding you that breaching 2000.00 will stop the suggested negative scenario and lead the price to resume the main bullish trend again.
The expected trading range for today is between 1955.00 support and 1990.00 resistance.
The expected trend for today: Bearish temporarily
The GBPUSD pair continues to fluctuate around 1.3000, waiting to get negative motive that assist to push the price to break this level and confirm the continuation of the bearish wave on the intraday and short term basis, which targets 1.2920 level as a next station, noting that the continuation of the expected decline requires holding below 1.3145.
The expected trading range for today is between 1.2900 support and 1.3070 resistance.
The expected trend for today: Bearish
The EURUSD pair faced solid support at 1.0775 level, to provide clear positive trades now, which urges caution from the upcoming trading, as continuing the rise and surpassing 1.0820 level will push the price to achieve more rise and visit 1.0860 followed by 1.0950 levels mainly, while the price needs to break 1.0775 to confirm the continuation of the main bearish trend that its next target located at 1.0700.
The expected trading range for today is between 1.0700 support and 1.0860 resistance.
The expected trend for today: Bearish
The EURGBP pair returned to form new negative trades to settle below 38.2% Fibonacci correction level at 0.8420 to reinforce the domination of the previously expected bearish bias.
Also, the major indicators agree to provide the negative momentum, and stochastic approaches 20 level, which will assist to ease the mission of crawling towards the negative stations that might start at 0.8190 and 0.8120 levels.
The expected trading range for today is between 0.8345 and 0.8200
The expected trend for today: Bearish