EURUSD rose in last intraday trading but is still experiencing bearish pressures
Negative technical formation and signals suggest price may resume decline unless strong resistance level is surpassed
The (EURUSD) rose in its last intraday trading, attempting to recover some of its previous losses, but this limited rise is accompanied by the dominance of bearish correctional wave on the short-term basis, indicating the continuation of the dominant bearish pressures.
The pair is affected by a negative technical formation that has formed previously on the short-term basis (the double top pattern), besides the continuation of the negative signals on the (RSI), reinforcing the possibilities for the price return to resume the decline unless it surpasses a strong resistance level.
