The EURUSD pair remains under pressure from a series of consecutive losses during its recent intraday trading, amid emerging negative signals from the relative strength indicators. However, the pair is currently attempting to form a new higher low that could serve as a support base to help restore positive momentum and resume its recovery attempts.

The pair finds important support at EMA50, which it relied on during its latest decline. This strengthens the chances of a positive rebound in the near term. In addition, the main upward trend continues to dominate in the short term, with price movements aligned alongside a supportive trendline, keeping recovery opportunities alive despite the current pressure.