The price of (EURUSD) declined in its last intraday trading, affected by the stability of the current resistance at 1.1670, gathering the gains of its previous rises, attempting to offload some of its clear overbought conditions on the (RSI), especially with the emergence of the negative signals from there, gathering its positive strength that might assist it to breach this resistance, amid the dominance of minor strong bullish wave on the short-term basis.
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The EURCHF repeated providing positive closes above the support base at 0.9230 level, which allows it to form some bullish waves, recovering some of its losses by its stability near 0.9395.
Note that the price success to lean above the moving average 55 and stochastic rally to the overbought level, increasing the chances for gathering the extra positive momentum, which makes us prefer targeting new positive stations that might begin at 0.9445 and 0.9505.
The expected trading range for today is between 0.9365 and 0.9445
Trend forecast: Bullish
Natural gas price didn’t settle below $3.050 level, to delay activating the head and shoulders affected by stochastic current rally to 80 level, to notice its fluctuation near $3.120 level.
Note that activating the suggested negative track requires holding below $3.220 level, to return to form new bearish trading, to confirm breaking $3.050 level, opening the way for targeting negative stations that begin at $2.710 and $2.390.
The expected trading range for today is between $2.710 and $3.150
Trend forecast: Bearish
The EURJPY pair leaned clearly above the extra support at 170.45, activating with the main indicators, achieving some gains by its fluctuation above the intraday barrier at 171.90.
Noting that the stability of the trading above 171.90 level is important, to reinforce the chances for resuming the bullish attack, to expect the extension of the trading towards 172.65, then targeting the bullish channel’s resistance at 173.80, while the return below 171.90 will force it to form new bearish correctional trading before resuming the suggested targets.
The expected trading range for today is between 171.45 and 172.65
Trend forecast: Bullish