The price of (silver) rose in its last intraday trading, after offloading its overbought conditions on the relative strength indicators, opening the way for achieving more gains on near-term basis, preparing to attack the key resistance at $53.50, supported by its continuous trading above EMA50 and its trading alongside minor trendline.
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The price of (gold) rose during its last intraday trading, to continue recording new all- time highs, amid the continuation of the positive support due to its trading above EMA50, and under the dominance of the main bullish trend on the short-term basis and its trading alongside supportive minor trendline, after reaching overbought levels, which obstructed the last gains.
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The price of (EURUSD) declined in its last intraday trading, to gather its previous rises and attempt to gain bullish momentum that might help it to recover and rise again, besides offloading its overbought conditions on the relative strength indicators, especially with the emergence of the negative signals, amid the continuation of the dynamic support due to its trading above EMA50, affected by bullish technical formation on the short-term basis (the double bottom pattern).
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The EURGBP kept its stability within the bullish channel’s levels, taking advantage of forming an extra support at 0.8665 level, recording some gains by hitting 0.8720 level.
Stochastic rally above 50 level will increase the chances of gaining the required positive momentum to form new bullish waves, reaching 0.8750 followed by the next main target near 0.8780.
The expected trading range for today is between 0.8670 and 0.8750
Trend forecast: Bullish