The (EURUSD) declined in its last intraday trading, after facing strong resistance at 1.1900 level, which represents our expected target in our last forecast, this decline considered as an attempt to look for new rising low might form a base for gaining the required bullish momentum to recover its bullish track.

The main trend remains supported by positive factors, the most important is its trading above EMA50, providing dynamic support that reinforces the stability of the main trend on a short-term basis. The relative strength indicators have reached oversold levels, which might limit the current bearish pressures.

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