The price of (EURUSD) declined in its last intraday trading, affected by breaking the key support at 1.1700, amid the dominance of bearish corrective wave on the short-term basis, with the continuation of the negative pressure due to its trading below EMA50, on the other hand, we notice the emergence of positive overlapping signals from the relative strength indicators, after reaching oversold levels, keeping intraday stability on the near term basis to offload this oversold condition.

No change for coffee bullish price due to its stability above the support base at 340.00 level, attempting to record some gains by its rally towards 357.65.

The price needs a new bullish momentum to breach 50%Fibonacci correction level at 361.00, which allow it to record extra gains by its rally towards 371.00 and 378.40 initially.

The expected trading range for today is between 345.00 and 371.00

Trend forecast: Bullish

Natural gas price surrendered to the negative pressures that are represented by forming a strong barrier at $4.200 level in its negative pressure, besides providing negative momentum by stochastic to record the previously suggested negative targets by reaching $3.425.

Facing the moving average 55 might force it to form sideways trading until breaching this barrier and begin targeting extra negative station by reaching $3.165 and $2.950. 

The expected trading range for today is between $3.165 and $3.710

Trend forecast: Bearish

The EURJPY pair activated negatively with stochastic decline towards the oversold to test the bullish channel’s support at 183.45, attempting to settle above it to keep the bullish trend and begin targeting some bullish stations by its rally towards 184.40, and surpassing it will open the way for reaching the next positive target at 184.90.

While facing new negative pressure by reaching below the current support will confirm its surrender to the bearish corrective trend, which forces it to suffer extra losses by reaching 183.10 and 184.90.

The expected trading range for today is between 183.50 and 184.40

Trend forecast: Bullish