The (EURUSD) witnessed fluctuations on its last intraday levels, amid the continuation of the negative pressure that comes from its stability below its EMA50, with its failure to surpass the critical resistance at 1.1730, to remain under the dominance of the bearish correction trend on the short-term basis and its trading alongside trendline for this track.

Accompanied by the negative signals emerging from the relative strength indicators, after reaching overbought levels, which indicate the fading of the bullish momentum and reinforces the chances for the continuation of the negative pressure on the near-term basis.

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