The EURUSD pair is experiencing volatility in its recent intraday trading, supported by the stability of 1.1730 support. This level provided a positive push, reflected in the beginning of a bullish crossover on the relative strength indicators after reaching oversold areas, indicating a relative improvement in momentum.

Despite this, downside pressure remains in the short term due to the dominance of a bearish corrective wave, with the price continuing to trade below its EMA50. However, this performance does not cancel the overall bullish trend, as the price is still moving along a supportive trend line, keeping the chances of a renewed rise in the coming period intact.