The (EURUSD) declined in its last intraday trading, amid calm trading in tight sideways range trading, after a previous bullish wave that pushed the (RSI)indicators to overbought levels, causing the emergence of bearish signs that might push the price to decline temporarily to offload these conditions.

Despite this limited decline, the main bullish trend remains the dominant in the short- term basis trading, supported by its trading above EMA50, besides its move alongside a bullish bias line, we expect that the price may take advantage of this correctional momentum to gain new power that pushes it to resume the rise.

Due to low liquidity in global markets that comes from the Independence Day holiday in the United States, the same technical outlook from the morning analysis remains valid.

Calm moves in (Gold) price in its last intraday trading, settled above the support level of $3,330, taking advantage of the positive pressure that comes from its trading above EMA50, amid its affection by its exit for bearish correctional channel’s range that limited its previous trading on the short-term basis, besides the emergence of the positive signals on the (RSI), after reaching oversold levels.

Due to low liquidity in global markets that comes from the Independence Day holiday in the United States, the same technical outlook from the morning analysis remains valid.

The CADCHF continued the negative attack by its last trading, to achieve the previously waited target at 0.5785 level to represent a strong support due to the stability of 100% Fibonacci extended level near it.

All that besides the stability of the support level make us expect activating the attempts of reducing the losses by forming several bullish correctional waves, to target 0.5910 level reaching 0.5965 level.

The expected trading range for today is between 0.5810 and 0.5910

Trend forecast: Bullish