The (EURUSD) price rose in its last intraday trading, in attempt to recover some of its previous losses, but this rise pushed the relative strength indicators towards exaggerated overbought levels compared to the price move, indicating an expected quick decline in the bullish momentum.
This performance comes amid the continuation of the negative pressure that comes from its stability below EMA50, and the main bearish trend remains dominant on the short-term trading, and its trading alongside trendline confirms the stability of the bearish trend.
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