The price of (Silver) declined in its last intraday trading, besides the price attempts to gain positive momentum that might assist it to keep the main bullish trend, amid its trading alongside a minor bias line on the short-term basis, and it attempts to offload some of its clear overbought conditions on the (RSI), especially with the beginning of negative overlapping signals, besides the continuation of the positive pressure that comes from its trading above its EMA50, which assists the stability of the bullish trend strongly.

The price of (Gold) continued its fluctuated moves in its last intraday trading, attempting to gain positive momentum that might assist it to recover and rise again, taking advantage of the dynamic support that is represented by its trading above its EMA50, which prevents the price decline in the last period, amid the dominance of the bullish correctional trend on the short-term basis alongside a bias line, on the other hand, we notice the beginning of the negative signals on the (RSI).

The price of (EURUSD) settled with slight gains in its recent intraday levels, taking advantage of the positive momentum that was gained after its lean on the support of its EMA50, accompanied with the beginning of the positive signals on the (RSI), after reaching oversold levels, amid the dominance of the main bullish trend on the short-term basis and its trading alongside a bias line, on the other hand, yesterday’s sharp decline suggest changing the bullish trend on the short-term basis.

The EURGBP formed a new bullish rally yesterday, breaching a clear breach to the barrier at 0.8530, announcing its surrender to the bullish bias dominance , to achieve some extra gains by reaching 0.8558.

The unionism of the main indicators by providing positive momentum, we expect resuming the bullish attack, to target 0.8600 level then attempts to press on the extra barrier at 0.8630, forming the next main target for the bullish trading.

The expected trading range for today is between 0.8530 and 0.8600

Trend forecast: Bullish