The (EURUSD) declined in its last intraday trading, affected by the stability of the resistance level at 1.1730, the price attempts to gain bullish momentum that might help it to recover and breach this resistance.

The price is supported by the continuation of its trading above EMA50, and it is under the dominance of bullish wave on the short-term basis, and its trading alongside supportive bias line for this track, as we notice that the (RSI) reached oversold levels, to suggest forming a positive divergence that might increase the positive pressure and eases the way for a new attempt towards the mentioned resistance preparing to attack it.

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