The (EURUSD) price declined in its last trading on the intraday basis, after retesting key resistance at 1.1550, after series of continued gains that helped the price to correct part of the main bearish trend on the short-term basis, supported by its moves alongside bullish trend line.

Despite this relative recovery, the negative pressure remains valid due to the continuation of the trading below EMA50, besides the relative strength indicators reaching overbought levels, which increases the likelihood of selling pressure return unless the price provides clear breach above the mentioned resistance.

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