The price of (silver) is witnessing fluctuating trading that prefers moving lower in its last intraday trading, affected by breaking short-term bullish trend line, which weekend the chances of near-term recovery. The price faces increased negative pressures due to its stability below EMA50, which represents dynamic resistance that reinforces the selling pressure, on the other hand, we notice the emergence of negative signals from the relative strength indicators after reaching overbought levels, increasing the likelihoods of the decline continuation in the upcoming period.

The price of gold declined in its last intraday trading, affected by the emergence of negative signals from the relative strength indicators, after forming negative divergence that reinforced the selling pressure, this decline comes amid the continuation of the trading below EMA50, which represents dynamic resistance that limits the opportunities of a recover, dominated by minor short-term bearish wave, accompanied by its trading alongside bearish bias trend that supports the continuation of this negative track.

The price of EURUSD rose to its last intraday levels, to retest 1.1565 resistance, amid the dominance of the main bearish trend on short-term basis, with its trading alongside main and minor trend lines, with the continuation of the negative pressure due to its trading below EMA50, reducing the chance of full recovery on a near term basis.

EURCHF continued to form strong bearish waves from the last period, reaching towards the initial main target at 0.8980 level, to settle above it as appears in the above image.

This scenario depends on the strength of this barrier at 0.8980, its stability makes us expect to recover some losses by its rally towards 0.9030 and 0.9075, while breaking the support and holding below it will force it to suffer new losses that might begin at 0.8930 reaching 0.8865.

The expected trading range for today is between 0.8970 and 0.9030

Trend forecast: Bullish