The price of EURUSD declined in fluctuating trading on its last intraday levels, attempting to get rid of the negative pressure of EMA50, which led it to erase its early gains amid its trading alongside minor bullish trend line on short-term basis, with the emergence of positive signals from relative strength indicators, reinforcing the chances of the price rise in the upcoming period.

The EURNZD faced strong bearish pressure, forcing it to settle below 1.9950 resistance, affected by the main indicators’ negativity, to settle near 1.9725.

Forming extra barrier at 1.9800 level besides providing negative momentum by the main indicators makes us begin forming new bearish waves, to attempt to reach 1.9640 and 1.9570.

The expected trading range for today is between 1.9640 and 1.9760

Trend forecast: Bearish

The EURJPY pair provided clear negative close below 184.95, forcing it to activate the previously suggested bearish corrective trend by targeting 183.70 level.

The main indicators might push the price to provide mixed trading in the current period, but the stability below the resistance makes us keep waiting for gathering negative momentum, reinforcing the chances of reaching the next target at 183.00 and surpassing it might target 182.10 level.

The expected trading range for today is between 183.00 and 184.60

Trend forecast: Bearish

The GBPJPY pair kept its negative stability below the barrier at 212.10 level, forming strong bearish waves, to settle below 210.65 level, forming initial target in the previous report, to confirm its readiness to resume the bearish attack by its stability near 210.00.

Providing negative momentum by the main indicators supports our negative expectations, to expect extra losses by reaching 209.55 and 209.15.

The expected trading range for today is between 209.15 and 210.50

Trend forecast: Bearish