The price of (EURUSD) rose in its recent intraday levels, supported by the beginning of the positive signals appearance on the (RSI), after reaching oversold levels in attempt to offload this condition and offloading some of its previous losses, amid the continuation of the negative pressure that comes from its trading below EMA50, which prevents its recovery on the intraday basis, especially with its trading within bearish correctional channels range on the short-term basis.

Therefore, our expectations suggest a decline in the (EURUSD) price in its upcoming intraday trading, if the resistance level settles at 1.1710, to target the support level at 1.1635.

Expected trading range for today: Between the support at 1.1635 and resistance at 1.1710

Todays forecast: Bearish