The (EURUSD) rose in its last intraday trading, supported by positive signs from the (RSI) after reaching oversold levels, providing bullish momentum supported it to test the critical resistance at 1.1660, accompanied by hitting the EMA50, as a sign for its attempt to get rid of the negative pressure.

 

Despite this intraday recovery, the price remains moving in sideways range on the short-term basis, looking for clearer trend for the upcoming period, breaching the current resistance might open the way for a new bullish wave, while the failure in breaching it might turn the selling pressure back again.

 

 


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