The (EURUSD) price slipped lower in its last intraday trading, to break the key support of 1.1645, which was our suggested target in our previous analysis, this decline comes a mid the continuation of the bearish corrective trends dominance on the short-term basis, with its trading alongside supportive trendline for this track, besides the negative pressure that comes from its stability below EMA50.
However, we notice the emergence of positive crossover on the relative strength indicators, after reaching oversold levels, which might limit the current decline and open the way for some bullish correctional rebounds before resuming the bearish trend again.
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