The (EURUSD) price rose in its recent trading on the intraday levels, supported by the emergence of positive signals on the relative strength indicators, attempting to correct the main bearish trend that dominates on the short-term basis, with its trading alongside supportive trendline for this track.
Despite this rise the price remains under negative pressure due to the continuation of its trading below EMA50, which might limit the chances of its full recovery on a near-term basis, especially with the relative strength indicators entering sever overbought levels compared to the price movement, to suggest forming negative divergence.
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