The (EURUSD) slipped lower at the beginning of this weeks trading, recording bearish price gap that led to breaking technical formation on an intraday basis, represented by a rising wedge pattern, indicating the selling pressures. This movement was accompanied by negative divergence emergence on the relative strength indicators, which confirmed by the negative signals appearance, reinforcing the likelihoods of continuing the bearish pressure in the near period.

Despite this negativity, there are some supportive factors that remain valid, where the price continues its trading above EMA50, which represents key dynamic support, besides the continuation of the bullish corrective trend and the trading alongside supportive trend line.