Silver price rose in its recent intraday trading, driven by emerging positive signals from relative strength indicators after reaching deeply oversold levels. The price is attempting to ease this oversold condition and recover part of its previous losses. However, with this rise, the price has approached the resistance of EMA50, which threatens recovery attempts, especially as a short-term bearish sub-trend continues to dominate.

Gold price is holding modest gains during its recent intraday trading, following the stability of 4,500 support level. This has provided the price with some positive momentum, allowing it to recover part of its previous losses, while also attempting to relieve its oversold condition on relative strength indicators, especially as positive signals begin to emerge.

This comes amid continued negative pressure resulting from trading below EMA50, which reinforces the stability and dominance of a short-term bearish sub-trend, with price movements aligning alongside a supporting trendline for this path.

The EURUSD pair rose slightly in its recent intraday trading, attempting to recover some previous losses, and attempting to offload its clear oversold conditions on the relative strength indicators, especially with the emergence of the positive signal from them, amid the dominance of the bearish corrective trend on the short-term basis, with the continuation of the negative and dynamic pressure that is represented by its trading below EMA50, reducing the chances of sustainable recovery on the near-term basis.

The EURCHF continued forming bearish waves since the last period, attacking the initial support at 0.9155, to settle near it to find an exit for resuming the bearish trend again.

Reminding you that the bearish scenario remains valid, depending on the stability of the trading below the main resistance at 0.9270, besides forming extra barrier at the moving average 55 by its stability near 0.9190 level, therefore, we will keep waiting for breaking the current support, to open the way for reaching additional negative stations, which might begin at 0.9115 and 09070.

The expected trading range for today is between 0.9115 and 0.9180

Trend forecast: Bearish