The EURUSD pair is fluctuating on its latest intraday levels, as the pair attempts to gain bullish momentum that might help it to rise in the near upcoming period, benefiting from the positive support due to its trading alongside bullish trend line on the short-term basis, besides the continuation of the positive pressure due to its trading above EMA50, on the other hand, we notice the emergence of the negative signals from the relative strength indicators after reaching overbought levels, which obstructed the upside in the previous session.
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The CHFJPY price needs positive momentum until this moment, providing new sideways trading by its fluctuation near 189.20 support, forming confirmation key for the main trend in the near and medium trading.
MoreDespite the weakness of the last trading of EURJPY pair’s price and forming weak sideways fluctuation by its stability near 178.50, it will not affect the main bearish scenario due to its stability below 180.80 barrier.
MoreThe GBPJPY pair forced to provide more sideways trading after facing a strong obstacle at 207.20, delaying the negative trend and its stability near 208.10 level, reminding you that the negative scenario will remain valid, depending on the stability of the barrier at 210.40, also providing negative momentum by the main indicators will increase the chances of attacking the current obstacle, and surpassing it will make the price target new bearish stations that might begin at 206.70 and 205.85.
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