The (EURUSD) declined slightly in its last intraday trading, after its failed attempt to breach the critical resistance at 1.1690, accompanied by reaching the resistance of the EMA50, besides hitting the bearish correctional trend line that limits its movement on the short-term basis.

The pair managed to offload its oversold conditions on the (RSI) in its last rise, which gave the price a limited margin to rise before the return of the selling pressures domination, which pushed it to decline again, amid the continuation of the bearish correctional trend.

Therefore, our expectations for the (EURUSD) suggest a decline in the intraday levels, conditioned by the stability of the resistance at 1.1690, to target the support at 1.1545.

The expected trading range is between 1.1545 support and 1.1690 resistance.

Todays forecast: Bearish