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Evening update for EURUSD-16-03-2026
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Evening update for EURUSD-16-03-2026
Mar 16, 2026 10:43 AM

(EURUSD) price extended its gains in its last intraday trading, to correct the short-term bearish trend with its trading alongside supportive minor trend line for this path, with the continuation of the negative pressure due to its trading below EMA50, reducing the chances of sustainable recovery in the upcoming period, especially with the relative strength indicators reaching exaggerated overbought levels compared to the price move, indicating a quick decline in the positive momentum.

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