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EURUSD Breaks Below a Key Bearish Trend Line – Analysis –30-10-2026
The EURUSD pair continued to rise in its latest intraday trading, driven by positive signals from the relative strength indicators. This advance enabled the pair to break above a major short-term bearish trend line, with a move above EMA50’s resistance. As a result, the pair has shaken off the negative pressure, supporting the chances of further recovery in the near term.
On the other hand, the relative strength indicators entered deeply overbought territory, which may temporarily curb the pair’s upward momentum as it needs to unwind some of these overbought conditions.
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