Silver price continues to fluctuate around the intraday bearish channel’s resistance, and as long as the price is below 25.50, our bearish overview will remain valid for the upcoming period, organized inside the bearish channel that appears on the chart, reminding you that our next main target is located at 22.90.
The expected trading range for today is between 24.20 support and 25.50 resistance.
The expected trend for today: Bearish
Gold price shows sideways trading since morning, hovering around 1735.00 level now, waiting to get positive motive that assists to push the price to resume the expected bullish trend for today, which gets positive support by the EMA50, reminding you that our next main target is located at 1765.00, while holding above 1709.00 represents key condition to achieve it.
The expected trading range for today is between 1715.00 support and 1760.00 resistance.
The expected trend for today: Bullish
The GBPUSD pair tests the main bullish channel’s support line, which urges caution from the upcoming trading, as the price needs to consolidate above 1.3840 to keep the positive scenario active for today, as breaking it will press on the price to turn to decline, while the main waited positive target is located at 1.4000.
The expected trading range for today is between 1.3820 support and 1.4000 resistance.
The expected trend for today: Bullish
The EURUSD pair resumes its positive trading to move away from 1.1780 level, which support the continuation of the expected bullish trend scenario for today, which gets good support by the EMA50, depending on the price stability above the mentioned level, reminding you that our next main target is located at 1.1885.
The expected trading range for today is between 1.1740 support and 1.1890 resistance.
The expected trend for today: Bullish