The price of (silver) declined in its last intraday trading, gathering its positive strength that might push it to rise again, amid the dominance of the main bullish trend on the short-term basis and its trading alongside minor and main trend lines that support this trend, besides the continuous positive pressure due to its trading above EMA50, besides the relative strength indicators’ reaching exaggerated oversold levels compared to the price move, to indicate forming positive divergence.

The price of (Gold) kept declining in its last intraday trading, to continue its attempts to gain bullish momentum that might help it to recover and rise again, taking advantage of the positive support due to its trading above EMA50, reinforcing the chances of its rise again, especially amid the dominance of the main trend and its trading alongside minor trend line on the short-term basis, and the relative strength indicators have reached exaggerated oversold levels compared to the price move.

The price of (EURUSD) declined in its last intraday trading, amid its attempts to look for rising low to take it as a base might help it gain the required bullish momentum for its recovery, amid its trading within bullish corrective channel range on the short-term basis, and there is clear positive pressure due to its trading above EMA50, exaggeratedly compared to the price move, to indicate forming positive divergence.

The EURGBP ended the last corrective decline by hitting 0.8748 level, keeping its stability within the bullish channel’s levels, activating with stochastic positivity by its rally towards 0.8785.

The price needs a new bullish momentum, to reinforce the chances of its rally towards 0.8815 barrier, surpassing it is important to open the way for recording extra gains that may begin at 0.8855 reaching the next main target at 0.8890.

The expected trading range for today is between 0.8760 and 0.8815

Trend forecast: Bullish