The price of (EURUSD) declined in its last intraday trading, amid the continuation of the negative pressure due to its trading below EMA50, reinforcing the strength of the bearish corrective track on the short-term basis, especially with its trading alongside trend line, on the other hand, we notice the emergence of positive overlapping signals from the relative strength indicators, which are stable at the oversold levels, and that might limit the decline temporarily.

The EURGBP surrendered to strong negative pressures, which forces it to break the decline below 0.8735 level, activating the negative track by its targeting 0.8645 level, which forms 100.00 Fibonacci extension level that appears in the above image.

The contradiction between the main indicators that might force the price to provide mixed trading until gathering the required extra negative momentum to resume the negative attack, to expect reaching 0.8625 reaching the next main target near 0.8570.

The expected trading range for today is between 0.8625 and 0.8710

Trend forecast: Bearish

Natural gas price surrendered to the stability of the moving average 55 near $3.420 level, forming a strong obstacle against the bearish attempts, to notice its rally towards $3.620 delaying the negative attack.

Stochastic exit from the oversold level might push the price to recover more losses by its rally towards $3.720, to attempt to test the resistance at $3.960, while breaking the current obstacle and holding below it will confirm targeting the extra negative stations, which are located near $3.165 and $2.950.

The expected trading range for today is between $3.400 and $3.750

Trend forecast: Fluctuated within the bearish trend

The EURJPY pair continued providing weak sideways trading, fluctuating near the extra support at 182.80, affected by the continuation of the main indicators besides forming extra obstacle at 183.50 level as appears in the above image.

Therefore, we will remain neutral until providing signal for detecting the main trend in the near and medium trading, while breaking the current support and providing negative close will confirm the bearish corrective trend, which might target 182.30 and 181.75 level initially, while breaching 183.50 level will ease the mission of detecting the bullish attempts, to expect its rally towards 183.85, to attack the broken channel’s support in order to find an exit for regaining the bullish trend again.

The expected trading range for today is between 182.80 and 183.50

Trend forecast: Neutral