The price of (silver) witnessed fluctuated trading on its last intraday levels, amid the emergence of negative signals on relative strength indicators, after reaching overbought levels and gaining bullish momentum that might help it to recover and rise again, amid the dominance of the main bullish trend and its trading alongside main and minor trend line, with the continuation of the dynamic support that is represented by its trading above EMA50, reinforcing the chances of the price recovery on the near-term basis.

The price of (Gold) kept declining in its last intraday trading, in attempt to look for rising low to take it as a base to help it gain the required bullish momentum for its recover, amid the continuation of the positive pressure of EMA50, reinforcing the stability and dominance of the bullish trend on the short-term basis, with its trading alongside minor trend line and reaching oversold levels on the relative strength indicators, exaggeratedly compared to the price move, indicating the beginning  of forming positive divergence.

The price of (EURUSD) rose with difficulty in its last intraday trading, attempting to exit fluctuated trading area to help it resume its strong gains in the upcoming period, especially with its trading alongside minor bullish trend line on the short-term basis, with the emergence of positive signals on the relative strength indicators, after offloading its overbought conditions, opening the way for extending its gains.

The EURGBP succeeded in surpassing the bearish corrective bias by providing a new close above the support of the bullish channel at 0.8740, forming several waves, to achieve some gains by reaching 0.8790.

Providing bullish momentum by the main indicators and stochastic reaching the overbought levels will increase the efficiency of the bullish scenario, recording extra gains by its rally towards 0.8815, then attempts to breach the barrier at 0.8840, to confirm its readiness to record more targets in the upcoming period.

The expected trading range for today is between 0.8765 and 0.8840

Trend forecast: Bullish