EURUSD settled high in last intraday trading after breaching bearish trend line, indicating potential turn in track
Relative stability may provide foundation for new rise, especially with positive signals from RSI
Price could rise to higher resistance levels in potential bullish wave frame if positive performance continues
The (EURUSD) settled high in its last intraday trading, after breaching bearish correctional trend line on the short-term basis, which represents an early technical sign for a potential turn in the track, accompanied by releasing the negative pressure of the price due to its previous trading below EMA50, which opened the way for catching breath after a strong bullish wave.
This relative stability might provide a preparatory foundation for a new rise, especially with the continuation of the positive signals from the (RSI), if the price manages to keep this positive performance, if the price witnesses a new rise to higher resistance levels in a potential bullish wave frame.
