The price of (silver) rose slightly in its last intraday trading, to record new historical levels, taking advantage of the dynamic support that is represented by its trading above EMA50, and under the dominance of the main bullish trend on the short-term basis, with its trading alongside trend line that reinforces the bullish momentum, this last rise comes despite the emergence of negative signals from relative strength indicators, after reaching overbought levels, attempting to offload this overbought conditions, reducing the last gains.

The price of gold rose in its last intraday trading, recording new all-time highs, to reach $4,720 resistance, which was expected target in our previous analysis, supported by its continues trading above EMA50, reinforcing the dominance of the main bullish trend with its trading alongside main and minor trend lines that supports this track, noticing the emergence of the positive signals from the relative strength indicators.

The price of EURUSD surged higher in its last intraday trading, to exit bearish corrective channel’s range that limited its previous trading on short-term basis, and it succeeded in surpassing the negative pressure of the EMA50, intensifying the bullish momentum, on the other hand, we notice the emergence of negative overlapping signals on the relative strength indicators, after reaching overbought levels, which might reduce its upcoming gains.

The EURGBP lost its negative momentum in its last trading by stochastic rally above 50 level, which forces it to delay negative attacks and to provide sideways trading by its stability near 0.8675.

Reminding you that the stability below extra barrier at 0.8705, to confirm the stability of the previously suggested bearish scenario, confirming that gathering extra negative momentum is important to renew the pressure on 0.8650 barrier, where breaking it will ease the mission of reaching the negative stations near 0.8625 and 0.8605.

The expected trading range for today is between 0.8650 and 0.8685

Trend forecast: Bearish