Silver price declined during recent intraday trading, amid the dominance of the short-term main bearish trend, with its trading alongside minor trend line that supports this path, with the emergence of negative overlapping signals from the relative strength indicators, after offloading its oversold conditions, preparing to break the current support level at $67.70, and this scenario supports the continuation of the trading below EMA50, representing dynamic resistance that intensifies the negative pressure around the price. 

Gold price declined during recent intraday trading, amid the continuation of the negative pressure due to its trading below EMA50, which reduces the chances of near-term recovery, especially with the emergence of negative overlapping signals from the relative strength indicators, after offloading its oversold conditions, opening the way for recording more losses in the near upcoming period, amid the dominance of the main bearish trend on short-term basis.

The EURUSD pair declined in its last intraday trading, affected by negative technical formation on the intraday basis, which is represented by the double top pattern, and it is under the dynamic negative pressure that is represented by its trading below EMA50, besides the emergence of the negative signals from the relative strength indicators, after offloading its oversold conditions, opening the way for recording more of the losses.

The CHFJPY price ended the last negative movement by facing a key support at 200.55 level, which forces it to delay the decline and begin providing sideways trading to settle near 200.70.

Note that the continuation of forming extra barrier at 201.05 level and providing negative momentum by the main indicators will increase the chances of renewing the negative pressures on the current support, to confirm the importance of surpassing it to open the way for reaching new stations that might begin at 200.25 and 199.90.

The expected trading range for today is between 200.25 and 200.90

Trend forecast: Bearish by achieving the break