EURUSD declined in its recent intraday trading, after it failed to breach the key resistance at 1.1420, which pushed it to decline again within a tight sideways range trading that dominates the price movement on the short-term trading.
This decline came because of the continuation of the negative pressure due to the trading below EMA50, showing the weakness of the positive momentum currently, with the emergence of the negative signals on the (RSI), the stability of the price below the mentioned resistance confirms that there is a strong barrier against the upside attempts.
Do you need help in trading decisions? Do you want to learn how to start trading?
Join Economies.com VIP Club and benefit from over 15 years of market analysis expertise and get:
Full coverage of commodities such as gold, oil, silver, and more
Full coverage of all major forex currency pairs
Full coverage of key global indices and stocks
Full coverage of major cryptocurrencies and meme coins
Accurate analysis and daily updated price forecasts
Exclusive and breaking news
Reliable trading ranges for effective risk management
Comprehensive educational materials, competitions and prizes!
Innovative tools to enhance your trading performance
Special Offer: Subscribe to the Economies.com VIP channel and get also a free subscription to a trusted trading signals channel provided by Best Trading Signal.