Silver kept declining in its latest intraday trading, surpassing the key support at $57.00 level, increasing the likelihoods of breaking it and keeping a daily close below it to confirm this break, intensifying the negative pressure, especially with the continuation of the negative pressure that comes from its trading below EMA50, reinforcing the stability of the main bearish trend on the short-term basis, with its trading alongside minor supportive trend line for this path.
Gold settles on a decline in its last intraday trading, amid the emergence of negative signals from the relative strength indicators, despite reaching oversold level, with the dominance of the main bearish trend on the short-term basis, with its trading alongside supportive trend line for this path, besides a negative pressure due to its trading below EMA50, reducing the chances of full recovery in the near upcoming period.
The EURUSD pair witnesses fluctuating moves on its last intraday levels, attempting to gain bullish momentum that might help it to recover and resume its gains in the near upcoming period, attempting to offload some of its clear overbought conditions on the relative strength indicators, especially with the emergence of the negative signals from them.
This comes amid the continuation of the dynamic support that is represented by its trading above EMA50, reinforcing the stability and dominance of the bullish corrective trend on a short-term basis.
The EURGBP benefiting from the repeated negative pressures by breaking the support at 0.8510, forming a new sharp decline to target at 0.8455.
Forming a new resistance at 0.8505 level and providing negative momentum by the main indicators, these factors support the continuation of the negativity in the near trading, to target new negative stations by reaching 0.8440 and 0.8405.
The expected trading range for today is between 0.8440 and 0.8490
Trend forecast: Bearish