Silver price crawls downwards, to keep the bearish trend scenario valid and active for today, supported by the negative pressure formed by the EMA50, waiting to head towards 24.00 that represents our next main target, reminding you that it is important to hold below 25.50 to continue the expected decline.
The expected trading range for today is between 24.30 support and 25.20 resistance.
The expected trend for today: Bearish
Gold price shows negative trades to approach the key support 1720.00, and as we mentioned this morning, this level represents one of the next trend keys besides 1740.00 resistance, as the price needs to breach one of these levels to detect its next targets clearly.
Therefore, we will continue to suggest the sideways move until we get clearer signal for the next trend, noting that the expected targets after the breach are explained in our morning report.
The expected trading range for today is between 1710.00 support and 1750.00 resistance.
The expected trend for today: Sideways
The GBPUSD pair trades positively now to attempt to breach 1.3805 level, which urges caution from the upcoming trading, as holding above this level will stop the recently suggested negative scenario and lead the price to regain the main bullish trend, while the price needs to trade below 1.3805 again to resume the bearish track that its next target located at 1.3580.
The expected trading range for today is between 1.3690 support and 1.3860 resistance.
The expected trend for today: Bearish
The EURUSD pair resumes its negative trades to attack 1.1780 and moves below it now, which support the continuation of our bearish overview efficiently for the rest of the day, paving the way to head towards 1.1700 that represents our next main target, reminding you that it is important to hold below 1.1780 to continue the suggested decline.
The expected trading range for today is between 1.1700 support and 1.1850 resistance.
The expected trend for today: Bearish