The (EURUSD) price rose in its last intraday trading, supported by the stability of the key support at 1.1550, which was our target in our previous analysis, and that pushed the pair to attempt to recover some of its last losses, and attempts to offload the clear oversold conditions on the relative strength indicators, especially with the appearance of bullish crossover that supports a potential temporary rebound.

Despite these modest bullish moves, the negative pressure remains dominant, due to the continuation of the trading below EMA50, besides the stability of the main bearish trend with its trading alongside trendline that indicates the strength of this track.

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