The (EURUSD) price rose suddenly in its last intraday trading, turning its early losses into gains, in quick rebounding move despite its trading within bearish corrective channel on a short-term basis.
Despite this rise, the negative pressures remain valid due to the trading below EMA50, which limits the strength of this rise and it might rebound if the near resistance levels remain intact, especially with the emergence of negative signals from relative strength indicators after reaching exaggerated overbought levels, compared to the price move, indicating a potential decline in the bullish momentum.