The (EURUSD) price declined slightly in its last intraday trading, keeping its strong gains, in natural profit-taking phase and attempting to take a breather after the previous bullish wave, accompanied by the price attempt to offload its overbought conditions on relative strength indicators, especially with the emergence of negative overlapping signal.

Despite this limited decline, the bullish overview remains valid, supported by the double bottom pattern on short-term basis, besides the continuation of the trading above EMA50, which provides dynamic support that reinforces the likelihoods of regaining momentum and resume the rise again.

Therefore, we suggest a rise in (EURUSD)price’s upcoming intraday trading, if it settles above 1.1900 resistance to target its next resistance at 1.1970.

The expected trading range is between 1.1865 support and 1.1970 resistance.

Today's forecast: Bullish

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Gold price rose in its last intraday trading, to settle above the main resistance at $5,000, accompanied by surpassing EMA50’s resistance, reinforcing the chances of extending the intraday gains, especially after it succeeded in offloading some of its overbought conditions on relative strength indicators, opening the way for extending these intraday gains.