The (EURUSD) price jumped to the upside in its recent intraday trading, affected by the stability of the support at 1.1150, this level represents 50% Fibonacci correction for the last bullish wave (from 1.0730 to 1.1572), providing some of the positive momentum that assisted it to achieve these gains.
This comes due to the trading within a bearish correctional channel on a short-term basis, with the continuation of the negative pressure that comes from its trading below its EMA50, besides the emergence of the negative signals on the (RSI).
