Silver fluctuated in its latest intraday levels, benefiting from the emergence of the positive signals from the relative strength indicators, after reaching oversold level, which didn’t affect the trend, as a clear signals for the continuation of the sellers dominance, especially with the continuation of the negative pressure that comes from its trading below EMA50, which reduces the chances of full recovery in the near term basis, especially with the dominance of the main bearish trend on the short-term basis.

Gold witnessed fluctuated trading during its latest intraday sessions, amid the continuation of the negative pressure due to its trading below EMA50, with the dominance of the main bearish trend on the short-term basis, with the attempts of offloading some of its clear oversold conditions on the relative strength indicators, especially with the emergence of the positive signals from them, which helped it to settle against these pressures.

The EURUSD pair declined during its latest intraday trading, with the beginning of negative overlapping signals emergence by the relative strength indicators, after entering exaggerated overbought levels compared to the price move, suggesting more downside moves in the near upcoming period, especially with the continuation of the negative pressure that comes from its trading below EMA50, with the dominance of the main bearish trend.

The EURNZD got advantage from the positive momentum in the last period, to surpass %50 Fibonacci correction level at 2.0063, providing chances for recording some gains by reaching 2.0165.

We expect forming extra support at 2.0060 level, by stochastic attempt to settle within the overbought level, renewing the bullish attempts to reach 2.0205, to press on the barrier near 2.0265 to find an exit for resuming the rise in the upcoming trading.

The expected trading range for today is between 2.0050 and 2.0200

Trend forecast: Bullish