The (EURUSD) settled low in its last intraday trading, affected by the continuous technical pressure that is caused by its stability below EMA50, and the price moves within a bearish correctional channel that restricts its trading on the short-term basis, indicating the continuation of the bearish trend currently.

Despite the (RSI) reach a clear oversold level the negative signals remain emerging, indicating the possibility for the continuation of the technical weakness unless there are confirmed reversing signals that might turn the price to the bullish track.