The (EURUSD) price rose in its last intraday trading in attempt to look for higher low to take it as a base might help it gain the required bullish momentum for its recovery and rise again, supported by its continuous trading above EMA50, reinforcing the chances of stability and recovery on near-term basis.

Noticing that the relative strength indicators have reached oversold levels, exaggerated compared to the price move, to indicate forming positive divergence, this factor might support the bullish rebound scenario in the upcoming period, confirming it by bullish move.