The (EURUSD) price rose in its last intraday trading after the stability of 1.1800 support, which represented a target in our previous analysis, gaining bullish momentum to recover some of its last losses, this rebound comes amid the attempts to offload its clear oversold conditions on relative strength indicators, especially with the emergence of positive overlapping signals.

This comes amid the dominance of steep bearish corrective wave on short-term basis, besides the continuation of its trading below EMA50, which shrinks the chances of achieving sustainable recovery in near period and makes any rise considered as temporary corrective rebound.