The price of (silver) fluctuated on an intraday basis, leaning on minor bullish trendline on a short-term basis, in attempt to gain bullish momentum that might help it to recover and rise again, accompanied by the emergence of the positive signals on the relative strength indicators, after reaching oversold levels.

The price of (Gold) witnessed fluctuated trading on its last intraday levels, affected by breaking minor bullish trend line on the short-term basis, with the emergence of the negative signals on the relative strength indicators, after offloading its oversold conditions, which makes the price surpass the support of its EMA50, intensifying the negative pressure in the upcoming period.

The price of (EURUSD) declined in its last intraday trading, amid its attempts to look for a rising low to take it as a base to help it gain the required bullish momentum for its recovery, amid the continuation of the positive support that comes from its trading above EMA50, and under the dominance of bullish corrective wave on the short-term basis, besides reaching oversold levels by the relative strength indicators, exaggeratedly compared to the price movement, to indicate forming positive divergence.

The EURJPY pair approached the psychological barrier at 180.00 level, forcing it to activate the attempts of gathering the gains by providing temporary corrective trading, to settle near 179.40.

The price might continue to provide mixed trading, despite the stability above 178.00 level which makes us keep the main bullish suggestion, the price success in surpassing the psychological barrier will reinforce the chances of recording extra gains by its rally towards 180.60 reaching 181.55 in the medium period trading.

The expected trading range for today is between 178.80 and 180.60

Trend forecast: Bullish