The price of (EURUSD) slipped lower in its last intraday trading, amid the emergence of the negative signals on the relative strength indicators, reaching oversold levels, exaggeratedly compared to the price move, indicating a quick decline for the bearish momentum, to lean on the support of EMA50, accompanied by its leaning in minor bullish corrective trend line on the short-term basis.
The EURNZD is under strong negative pressures in the last sessions, affected by reaching below the extra support at 2.0400, activating with stochastic negativity by attacking the support of the bullish channel at 2.0245.
The continuation of facing negative pressure will force it to break the support of the bullish channel, forcing it to suffer extra losses by reaching 2.0175 then attempts to press on %261.8 Fibonacci extension level at 2.0060.
The expected trading range for today is between 2.0320 and 2.0175
Trend forecast: Bearish
Natural gas price renewed its positive action, taking advantage of its stability above the support at $4.200 level, activating with the main indicators and its stability near $4.660.
Breaching the barrier at $4.750 is important to open the way towards recording new gains by its rally towards $4.910 reaching $5.180, forming a new obstacle against the bullish attempts.
The expected trading range for today is between $4.450 and $4.910
Trend forecast: Bullish
No news for EURJPY pair’s new sideways trading and its fluctuating near 181.15, but its stability above the support level near 179.40 and attempting to form extra support at 180.25 level, these factors support the chances of renewing the bullish attempts, attempting to breach the barrier at 181.75, targeting new positive stations that might begin at 182.30 reaching the main target at 183.05.
Note that stochastic approach from 80 level will increase the chances of achieving extra bullish momentum, to pave the way for achieving the breach and reaching the suggested targets.
The expected trading range for today is between 180.35 and 182.30
Trend forecast: Bullish