The (EURUSD) price is experiencing fluctuating trading in its last intraday trading, amid its stability below 1.1800 resistance, indicating the continuation of the selling pressures on the price, this weak performance with the trading below EMA50, which represents a dynamic resistance that limits any strong rebound, accompanied by the dominance of bearish corrective wave on short-term basis.

Accompanied by the emergence of positive signals from the relative strength indicators after reaching oversold levels, in attempt to offload these oversold conditions, which might limit the downside moves and support sideways range trading of limited rebound in near period.

Therefore, we suggest a decline in (EURUSD)prices upcoming intraday trading, if it settles below 1.1800 resistance to target the next support at 1.1730.

The expected trading range is between 1.1730 support and 1.1850 resistance.

Today's forecast: Bearish