The price of (Gold) declined in its last intraday trading, to look for rising low to use it as a base to help it gain the required bullish momentum for its recovery, amid the continuation of the positive pressure that comes from its trading above EMA50, and under the dominance of minor bullish wave on the short-term basis and its trading alongside trendline.

The price of (EURUSD) slipped lower in its last intraday trading, with the emergence of the negative signals on the relative strength indicators after reaching overbought levels, in attempt to gain bullish momentum that might help it to recover and rise again, amidt he dominance of bullish corrective wave on the short-term basis and its trading alongside supportive trendline for this track until this momentum.

The EURGBP extended its gains in its last intraday trading, amid the dominance of the main bullish trend on the short-term basis and its trading alongside trend line that reinforces the stability of this track, and there is continued dynamic pressure due to its trading above EMA50, besides the emergence of the positive signals on the relative strength indicators, despite reaching overbought levels, which might reduce the gains of the pair in the upcoming period.

Therefore, our expectations suggest a rise in EURGBP price in its upcoming intraday trading, especially with its stability above 0.8845 support, to target its next resistance at 0.8865.

The expected trading range for today is between 0.8845 and 0.8865

Trend forecast: Bullish

The EURJPY pair returned to rise on the intraday basis, amid the dominance of the main bullish trend on the short-term basis, and its trading alongside supportive minor trend line for this track, besides the continuation of the dynamic support that is represented by its trading above its EMA50, indicating the bullish momentum, accompanied by the return of the positive signals on the relative strength indicators, after offloading some of its overbought levels in its previous moves, opening the way for achieving more of the gains on the near-term basis.

Therefore, our expectations suggest a rise in EURJPY price in its upcoming intraday trading, especially with its stability above 179.40, to target the initial resistance levels at 180.30.

The expected trading range for today is between 179.40 and 180.30

Trend forecast: Bullish