The price of (EURUSD) rose in its last intraday trading after reaching our morning target at 1.1590, due to the stability of the support that gained some bullish momentum that helped the price to recover some of its previous losses, and attempts to offload some if its clear oversold conditions on the (RSI), especially with the emergence of the positive signals from there, amid the dominance of minor bearish wave on the short-term basis, alongside a supportive bias line for the negative track.
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The EURGBP was affected by some negative factors, forming bearish correctional decline to 0.8595, forming extra support to allow it recover some of the losses by its rally to 0.8660.
Note that the stability of the price within the bullish channel’s levels might extend its main support level to 0.8545, besides providing positive momentum by stochastic, these factors confirm the price readiness to renew its bullish attempts, to expect targeting 0.8695 level, to press on 0.8735 resistance.
The expected trading range for today is between 00.8630 and 0.8695
Trend forecast: Bullish
Despite the weak trading of the Natural gas price, its negative stability below the resistance at $3.140 confirms its surrender to the suggested bearish scenario, to notice its fluctuation near $2.800.
Stochastic attempt to provide negative momentum by its repeated fluctuating near 20 level motivating the price to resume the negative momentum, to target $2.610 level, attempting to reach the next support at $2.390.
The expected trading range for today is between $2.610 and $2.920
Trend forecast: Bearish
The EURJPY pair provided slow mixed trading, to keep its fluctuation near the initial barrier at 172.00 level, affected by the continuation of the main indicators’ contradiction.
Despite the stability of the price within the bullish channel’s levels, the continuation of forming an extra resistance at 173.45 level and stochastic attempt to provide negative momentum, these factors support our bearish correctional scenario, which might target 171.30 and 170.45.
The expected trading range for today is between 171.30 and 172.45
Trend forecast: Bearish