Silver price didn’t show any strong move since morning, to continue moving around 30.50$ level, thus, no change to the expected bearish trend scenario for today, which depends on the price stability below 31.00$ level, reminding you that our targets begin by breaking 30.06$ to confirm heading towards 29.30$ as a next main station.

The expected trading range for today is between 30.06$ support and 30.90$ resistance.

Trend forecast: Bearish

Gold price fluctuates around 2615.00$ level, while the negative effect of the previously completed double top pattern, waiting to resume the bearish wave to break 2603.87$ and confirm heading towards 2578.65$ as a next main target.

In general, we will continue to suggest the bearish trend for today unless the price rallied to breach 2635.06$ and hold above it.

The expected trading range for today is between 2595.00$ support and 2635.00$ resistance.

Trend forecast: Bearish

The GBPUSD price settles below the bullish channel’s support line, thus, the bearish trend scenario will remain valid for today, supported by the negative pressure formed by the EMA50, which conditions the price stability below 1.3080$, reminding you that our next target is located at 1.3000$.

The expected trading range for today is between 1.2990$ support and 1.3145$ resistance.

Trend forecast: Bearish

The EURUSD price achieved initial break to 1.0940$ level and closed the last four hours’ candlestick below it, reinforcing the expectations of continuing the bearish trend for the rest of the day, opening the way to visit 1.0880$ as a next target, reminding you that we suggest achieving additional negative targets affected by the previously completed double top pattern, which might reach 1.0780$ areas.

Holding below 1.0940$ represents initial condition to the continuation of the expected decline, as breaching it might push the price to attempt to recover and achieve temporary gains and test 1.0990$ initially before any new attempt to decline.

The expected trading range for today is between 1.0860$ support and 1.1000$ resistance.

Trend forecast: Bearish