Cairo – Mubasher: The Egyptian Exchange is forecast to see correction on Sunday, analysts told Mubasher, assuring that the outlook will however remain positive.

MubasherTrade Research expecting an unavoidable correction to hit the bourse after a three-week gaining streak.

“With the indicators reaching to overbought areas and after three weeks of continuous rising, a correction, even a sideways one, has become inevitable,” said the research firm on Sunday.

Wit anticipations that the bullish may continue, the research agency advises traders to stop loss on the short term if the main index delves below 10,600 points.

The benchmark index is likely to move between the 11,100-10,770 support area and the 11,375-700 resistance zone, said market analyst Hesham Hassan, adding the index has on the mid-term a main support area at 10,000 points.