The price of EURUSD fluctuated on its last intraday levels, to gain bullish momentum to help it recover and rise again, attempting to offload its clear overbought conditions on relative strength indicators, especially with the emergence of negative signals from there, amid the continuation of the positive support that comes from its trading above EMA50, under the dominance of the main bullish trend on short-term basis, with its trading alongside supportive minor trend line.
The EURCHF suffered strong bearish pressures, which forces it to provide new bearish trading, breaking 0.9230 support, which forces it to suffer new losses by reaching 0.9165.
Note that the stability of the moving average 55 above the current trading confirms the trading confinement within the negative track, besides stochastic attempt to reach the oversold level will increase the negative pressures on the current trading, to expect suffering extra losses by reaching 0.9110 and 0.9075.
The expected trading range for today is between 0.9110 and 0.9210
Trend forecast: Bearish
Natural gas price repeatedly provided negative close below the broken support at $4.100 level, forming a new resistance against the current trading, and stochastic attempt to provide negative momentum by reaching below 50 level will force the price to form new bearish waves, reaching $3.450 and surpassing it might force it to decline towards $3.220, to test high liquidity grab zones.
While the rally above $4.100 and providing bullish close will increase the chances of forming new bullish waves, to attempt to reach $3.370 initially, then waiting for targeting %38.2 Fibonacci correction level near $4.750.
The expected trading range for today is between $3.450 and $4.100
Trend forecast: Bearish
There is no change in the EURJPY pair track until this moment, due to its stability above the bullish channel’s support at 182.00, providing some sideways trading due to the contradiction between the main indicators, by stochastic reaching below 50 level.
The price might keep providing sideways trading until gathering the bullish momentum, reinforcing the chances of attacking 184.00 soon, and surpassing it will ease the mission of achieving extra gains by its rally towards 184.55 and 184.85.
The expected trading range for today is between 182.60 and 184.00
Trend forecast: Bullish