The (EURUSD) settled high in its last intraday trading, despite the emergence of negative signals on the (RSI) after entering strong overbought levels, as a signal for offloading this overbought condition without declining, which indicates the strength of the dominant positive momentum.

The stability of the price above the resistance at 1.1420 reinforces the momentum, confirming the breach of this barrier, accompanied by the continuation of its move alongside a minor bullish trend line on the short-term basis, which supports the possibilities for the continuation of the rise on the near-term basis.