The price of the EURUSD saw quiet movements within a narrow sideways trading range on the intraday levels, amid its attempts to gain positive momentum that may push it into a new bullish wave. And, it is trying to relieve some of its clear overbought conditions indicated by the Relative Strength Index (RSI), especially as some negative signals begin to appear.
This comes amid the dominance of the main bullish trend on the short-term and trading alongside a trendline. The price also suggests the formation of a technical pattern (the flag pattern).
