The price of (silver) declined during its last intraday trading, to gather the gains of its previous rise, attempting to offload some of its overbought conditions on relative strength indicators, especially with the emergence of negative signals from there, affected by breaching bearish corrective trend line on short-term basis, the price remains under negative pressure due to its trading below EMA50, which might reduce the chances of sustainable recovery on the near-term basis.

The price of gold declined in its last intraday trading, due to the stability of the main resistance at $5,000, besides reaching EMA50, which forced it to decline, especially with the beginning of forming negative divergence on the relative strength indicators, after reaching overbought levels, exaggeratedly compared to the price move, with the emergence of negative signals from there.

The price of EURUSD rose in its last intraday trading, breaching1.1835 resistance, which represents positive technical short-term formation (the double bottom pattern), which might help it to extend its intraday gains, on the other hand, the price reaches EMA50’s resistance, which reduced its last gains, besides the emergence of negative overlapping signals on the relative strength indicators, after reaching overbought levels.

The EURCHF price formed more bearish waves in its last trading, affected by forming strong barrier at 0.9225 level, holding near the initial target at 0.9145 level.

Note that the main indicators provide bearish momentum will confirm the continuation of the negativity, to keep waiting for reaching 0.9060 level, forming the next target in the negative trading.

The expected trading range for today is between 0.9060 and 0.9195

Trend forecast: Bearish