The EURUSD pair continued its upward move during the latest intraday trading session, reaching the 1.1555 resistance level, which was our target in previous analysis. The pair continues to benefit from positive support as it trades above EMA50, while a short-term bullish corrective wave remains in control.

On the other hand, negative signals began to emerge from the relative strength indicators after entering heavily overbought territory. This could lead to temporary pullbacks that target profit-taking and gain the required bullish momentum for breaching this resistance.