The (EURUSD) continued its decline in its last intraday trading, breaking the critical support levels at1.1685. As a signal for the continuation of the selling pressure, this decline came amid the dominance of bearish correctional wave on the short-term basis, besides the pairs move alongside a bearish bias line, reinforcing the negativity of the technical scene.
Accompanied by the continuation of the trading below EMA50, indicating the lost of the positive momentum, despite the oversold conditions that appear on the (RSI), the pair managed to offload these conditions without changing its track, which opens the way for more downside moves on an intraday basis.