The (EURUSD) price rose in its last intraday trading, taking advantage of the dynamic support due to its trading above EMA50, supported by positive technical formation on the short-term basis, represented by the inverted head and shoulders pattern, which reinforces the likelihood of recovery continuation if the price settles above the near support levels.

On the other hand, there are negative overlapping signals on the relative strength indicators, after reaching overbought level which might limit the ability of the pair to achieve extra gains in the intraday basis, as it needs to offload this momentum before completing the rise.