The (EURUSD) settled low in its last intraday trading, attempting to recover some of its previous losses, at the same time it attempts to offload some of its clear oversold conditions on the relative strength indicators, especially with the emergence of positive overlapping signals, which may provide the required momentum for the recovery.

This comes amid the dominance of the bearish correction trend on the short-term basis, and its trading alongside supportive trend line for this track, accompanied by the continuation of the negative pressure that comes from its stability below EMA50, intensifying the negative pressure around the pair and limits the chances of its recovery on the near-term basis.

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