Silver price settles around 31.50$ level since morning, and as long as the price is below 31.70$, our bearish overview will remain valid for today, as we are waiting to test 31.00$ mainly, reminding you that breaking this level will push the price towards 30.06$ as a next negative station.
The expected trading range for today is between 31.00$ support and 31.85$ resistance.
Trend forecast: Bearish
Gold price didn’t show any strong move since morning, to continue fluctuating near the main bullish channel’s resistance line, settling below it, thus, no change to the expected bearish trend scenario for today, which depends on the price stability below 2666.00$, reminding you that our main waited target is located at 2614.00$, noticing that stochastic loses its positive momentum gradually to support the expectations to decline today.
The expected trading range for today is between 2630.00$ support and 2670.00$ resistance.
Trend forecast: Bearish
The GBPUSD price shows new positive trades now to move away from the intraday bullish trend line, reinforcing the expectations of continuing the bullish trend for the rest of the day, paving the way to head towards our next main target that reaches 1.3500$.
Therefore, we will continue to suggest the bullish trend for today, reminding you that it is important to hold above 1.3325$ to guarantee not turning to decline.
The expected trading range for today is between 1.3300$ support and 1.3470$ resistance.
Trend forecast: Bullish
The EURUSD price resumes its positive trading to reach 1.1200$ level again, waiting to breach this level to confirm opening the way to extend the bullish wave and achieve additional gains that reach 1.1300$, to keep the bullish trend valid and active for today, reminding you that the continuation of the bullish wave depends on the price stability above 1.1100$.
The expected trading range for today is between 1.1100$ support and 1.1240$ resistance.
Trend forecast: Bullish