The EURUSD settled on a decline in its recent intraday trading, confirming breaking the critical support at 1.1260, reinforcing the continuation of the dominant bearish correctional trend on the short-term basis with the prices trading alongside the bias line.

The pair is still facing extra technical pressure, with its stability below EMA50, besides the continuation of the negative signals emerging on the (RSI), despite its stability within the oversold levels, which indicates the weakness of the positive momentum.

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