The price of (Silver) declined in its last intraday trading, to gain positive momentum that might help it to recover and rise again, where it gets positive and dynamic support that comes from its trading above EMA50, and under the dominance of the main bullish trend and its trading alongside a minor supportive bias line for this trend, noticing the emergence of the positive signals on the (RSI), after reaching oversold level.

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The price of (Gold) surrendered to the negative pressures in its last intraday trading, amid the continuation of the negative pressure that comes from its trading below EMA50, affected by breaking minor bullish trend line on the short-term basis. The precious metal succeeded in offloading some of its clear oversold conditions on the (RSI), opening the way for recording more of the losses on a near-term basis. 

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The price of (EURUSD) declined in its last intraday trading, amid its trading alongside a minor bearish bias on the short-term basis, preparing to break the key support level at 1.1610, representing the neckline of a negative technical formation on the short-term basis, which is the double top pattern, especially after it succeeded in offloading some of its clear oversold conditions on the (RSI), opening the way for recording more of the losses, despite the continuation of the positive pressure that comes from its trading above EMA50.

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GBPCHF continued to form strong bullish trading as it confirmed breaching the barrier at 1.0825, recording some extra gains by hitting 1.0915 level, which forces it to form an intraday negative rebound, affected by stochastic exit from the overbought level.

The price might be forced to provide sideways trading, to keep waiting for the positive momentum, which allows it to press on 50%Fibonacci correction level at 1.0935, and surpassing it will make it success to record extra gains that might extend at 1.0995 and 1.1025 initially.

The expected trading range for today is between 1.0860 and 1.0935

Trend forecast: Bullish