The price of (Silver) kept declining in its last intraday trading, to break the minor bullish trend line on the short-term basis, affected by the negative pressure that led it to surpass the support of its EMA50, increasing the surrounded pressure especially with the continuation of the negative signals on the (RSI), despite its enter to exaggerated oversold level compared by the price move.

The price of (Gold) witnessed fluctuated moves in its last intraday trading, facing selling pressure after breaking the bullish correctional trend line on a short-term basis, which caused the decline below the support of its EMA50, and that increased the intraday decline.

Gold bounced higher to shrink some of its losses, taking advantage of the positive signals that began on the (RSI), after reaching oversold levels, despite this rise the price remains stable below its strong resistance, which increases the chances of the return of the intraday decline.

The price of (EURUSD) settled with a rise in its recent intraday levels, after it attempted to recover some of its previous losses in its early trading and attempted to offload some of its clear oversold levels on the (RSI), especially with the beginning of positive overlapping signals emergence.

This comes from the price affection caused by the exit from the minor bullish channel’s range that limited its previous trading on a short-term basis, affected by the negative double top pattern, besides its trading below EMA50.

Despite the EURNZD price stability within the bullish channel’s levels, facing difficulties in resuming the bullish attack, as it reached strong liquidity draw zones that are represented by 1.9225 level, which forces it to form an intraday negative rebound at 1.9015.

Despite forming some bullish waves this morning and reaching 1.9140 level, but its stability below 1.9225 confirms delaying the bullish attack, to expect its surrender to stochastic negativity and reaching 1.9020 followed by 1.8960, to form the waited correctional target in the near period trading.

The expected trading range for today is between 1.9020 and 1.9185

Trend forecast: Bearish