The (EURUSD) price continued the rise in its recent intraday trading, attempting to recover some of its previous losses, amid the bearish correctional trend domination on the short-term basis and its trading alongside a bias line, with the continuation of the negative pressure due its trading below EMA50, and its trading below the critical resistance at 1.1250, this level represents 38.2%Fibonacci correctional level for the last bullish wave on the short-term basis (from 1.0730 to 1.1572), accompanied by the (RSI) indicators reaching oversold level, which suggest the beginning of forming negative divergence, especially with the emergence of negative signals from there.
Origin: Economies
