EURUSD continued to rise in last intraday trading, supported by positive signals on RSI and stability above EMA50
Trading remains under clear bullish trend on short-term basis, with supportive bias line indicating potential for further gains
The (EURUSD) continued its rise in its last intraday trading, supported by the repeated positive signals on the (RSI), despite reaching overbought levels that might limit the gains, this rise was supported by the stability of the pair above EMA50, providing solid technical base that supports the continuation of the momentum.
At the same time the trading remains under the dominance of clear bullish trend on the short-term basis, with its trading alongside supportive bias line that reinforces the chances of resuming the rise, despite the overbought signals, the technical data remains supporting the continuation of the bullish track unless strong resistance appears to obstacle this trend.
