The price of (Silver) rose in its last intraday trading, preparing to attack the critical resistance at $41.45, amid the continuation of the positive pressure that comes from its trading above EMA50, and under the dominance of the main bullish trend on the short-term basis and its trading alongside supportive bias line, besides the emergence of the positive signals on the (RSI), after reaching oversold levels.
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The price of (Gold) extended its gains in its last intraday trading, supported by the emergence of the positive signals of (RSI), after forming positive divergence on the (RSI), after reaching oversold levels, with a full dominance for the main bullish trend on the short-term basis and its trading alongside supportive bias line for this trend.
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The price of (EURUSD) declined in its last intraday trading, amid the pair’s attempts to gain positive momentum that might help it to recover and rise again, leaning on the support of EMA50, amid the dominance of the bullish trend on the short-term basis and its trading alongside a bias line, besides forming positive divergence on the (RSI), after reaching oversold levels, with the emergence of the positive signals.
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The EURGBP returned to fluctuate below 0.8700 level, forming extra barrier against the bullish attempts, which forces it to delay the bullish attack, and activating the attempts of gathering the gains by reaching 0.8650 facing 61.8%Fibonacci extension level.
Note that stochastic reach below 50 level will increase the negative intraday pressure on the price, which forces it to resume the correctional decline, to expect targeting 0.8625, then monitoring the price behavior due to the importance of this level by detecting the expected trend in the medium period trading.
The expected trading range for today is between 0.8625 and 0.8665
Trend forecast: Bearish