The EURUSD pair fluctuated in its last intraday trading, with the beginning of the positive signals from the relative strength indicators, after reaching oversold levels, attempting to offload some of this oversold conditions, amid the continuation of the negative pressure that comes from its trading below EMA50, reinforcing the stability and dominance of the main bearish trend on the short-term basis.

Despite EURGBP’s affection by some positive pressures, its stability below the resistance of the minor bearish channel at 0.8660 supports the chances of renewing the bearish trend in the near and medium period, gaining negative momentum will ease the mission of reaching 0.8610 initially, and surpassing this barrier will extend the trading towards 0.8580 and 0.8565 directly.

While the risk of changing the trend and beginning bullish trend requires forming string bullish waves, to settle above 0.8685 level. 

The expected trading range for today is between 0.8610 and 0.8660

Trend forecast: Bearish

Natural gas price loses its bullish momentum by stochastic exit from the overbought level, which forces it to settle again below the moving average 55, which forced it to form strong obstacle near $3.350, forcing it to delay the bullish trend and holding again near the initial support at $3.150 level.

Note that facing negative pressures might force it to activate the negative trend in the near trading, forcing it to suffer extra losses by reaching $2.950 and $2.800 before any attempt for recording the previously waited targets.

The expected trading range for today is between $2.950 and $3.300

Trend forecast: Bearish

The EURJPY pair didn’t manage to settle at 186.00, forcing it to activate the negative trend again, affected by stochastic reach below 50 level, suffering several losses by reaching 184.38.

Today’s forecast depends on the attempt of forming a new support at 184.25 level, and its stability makes us expect renewing the positive attempts to reach 184.45, then repeat the pressure on the previously mentioned barrier, while breaking the current support and holding below it will confirm the readiness of targeting new bearish stations, to expect reaching 183.75 and 183.50.

The expected trading range for today is between 184.25 and 185.45

Trend forecast: Bullish