The (EURUSD) price rose in its recent intraday trading, breaching the critical resistance at 1.1630, which represents neckline of bullish technical formation on the short-term basis (the double bottom pattern), accompanied by surpassing the EMA50, which helped it to get rid of the previous negative pressure and turn the required bullish momentum back to continue the rise.

Reinforcing the opportunities of achieving more gains on the near-term basis, especially with the return of the positive signals on the relative strength indicators, after offloading the overbought conditions previously, opening the way for targeting new resistance levels in its upcoming trading.

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