The (EURUSD) declined in its last intraday trading, affected by its exit from a minor bullish channel range that was supporting its previous moves on the short-term basis, which led to changing the trend to the downside temporarily.

This decline is accompanied by the emergence of the negative signals on the (RSI), after reaching exaggerated overbought levels, which increased the possibilities for the correction, this negative pressure was caused by breaking the support of EMA50, easing the way for declining on the intraday basis, unless regaining the balance above the significant technical levels quickly.