Silver continued its decline during recent intraday trading, breaking below the $73.60 support level, which was a previous price target, amid ongoing negative and dynamic pressure, as the price trades below EMA50, while moving along a short-term bearish trendline. Additionally, we observe continued negative signals from the relative strength indicators, despite reaching heavily oversold levels.

Gold recorded a series of consecutive losses in its recent intraday levels, reaching our morning price target at the $4,600 support level. This comes amid continued negative pressure resulting from trading below EMA50, which reinforces the strength and stability of a short-term minor bearish wave. The price is also moving along a supportive trendline for this downward path. In the background, we observe continued negative signals from the relative strength indicators, despite reaching heavily oversold levels.

The EURUSD pair kept declining in its recent intraday trading, to reach the support level of 1.1690, which was an expected target in our previous analysis, amid the dominance of bearish corrective wave on the short-term basis, with its trading alongside supportive trend line for this path, besides the continuation of the negative pressure due to its trading below EMA50, intensifying the negative pressure on the price, especially with the emergence of negative signals from the relative strength indicators, despite reaching oversold levels.

EURCHF began receiving positive momentum in the last trading, since stochastic surpassed 50 level to keep its stability above %61.8 Fibonacci extension level at 0.9145, recording some gains by reaching 0.9215.

The continuation of the positive pressures will increase the efficiency of the bullish corrective track, to expect recording extra gains by reaching 0.9250 followed by 0.9290 resistance, which forms a confirmation key to detect the main trend in the upcoming trading.

The expected trading range for today is between 0.9170 and 0.9250

Trend forecast: Bullish if 0.9150 remains intact