Silver witnessed fluctuating trading within a narrow sideways range in its recent intraday levels, remaining supported by its EMA50, as it continues attempts to gain positive momentum that may help it maintain the prevailing upward trend in the short term.

This scenario is supported by the emergence of a positive crossover in the relative strength indicators, after entering deeply oversold levels relative to price movement, indicating the beginning of new positive momentum that might support a rise.

Gold rose in its recent intraday trading, drawing momentum from its steady movement along a short-term bullish corrective trendline. This bullish path is further supported by its stability above EMA50, which acts as an effective dynamic support and keeps buying pressure in place.

In addition, early positive recovery signals are emerging from the relative strength indicators, after it had previously dropped into deeply oversold levels, reinforcing expectations of continued bullish momentum in the near term.

The (EURUSD) is stabilizing after achieving strong gains during its latest intraday trading, benefiting from dynamic support represented by trading above EMA50. Positive signals also emerging from the relative strength indicators, after the pair managed to ease its previous overbought condition, giving it room to achieve further gains in the near term.

The EURNZD continued forming bullish corrective waves by its stability above %261.8 Fibonacci extension level, recording extra gains by reaching 2.0258.

Forming extra support at 2.0135 level with the attempt of the main indicators to provide extra bullish momentum will increase the chances of targeting extra positive stations by its rally towards 2.0300, then attempts to retest 2.0395 resistance.

The expected trading range for today is between 2.0200 and 2.0300

Trend forecast: Bullish