The price of (silver) is moving within limited range of sideways trading at its last intraday levels, benefiting from the emergence of the positive signals on the relative strength indicators, after reaching oversold levels, providing renewed bullish momentum to face the negative pressure due to its trading below EMA50, reinforcing the stability and dominance of the main bearish trend on short-term basis, especially with its trading alongside supportive trend line for this path.

The price of gold declined in its last trading on the intraday levels, to settle below the main support at $5,000, amid trading alongside minor trend line on short-term basis, with the continuation of the negative pressure. On the other hand, we notice the emergence of positive signals from relative strength indicators, which might reduce the upcoming losses.

The price of EURUSD declined in its last intraday trading, affected by reaching EMA50’s resistance, accompanied by testing minor bearish trend line on short-term, intensifying the negative pressure on the pair, especially with the emergence of the negative signals from relative strength indicators, after reaching overbought levels.

The EURGBP renewed the negative attempts in the last period trading, providing several negative closes below 0.8750 level, suffering several losses by reaching below the moving average 55, to settle near 0.8630.

Forming additional barrier at 0.8680 level makes us expect to begin forming extra negative momentum, which forces it to suffer extra losses by reaching 0.8595 and 0.8565.

The expected trading range for today is between 0.8595 and 0.8660

Trend forecast: Bearish