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EURUSD extends its gains -Analysis-21-05-2025
The (EURUSD) continued its rise in its last intraday trading, the bullish trend dominates the short-term basis, supported by the trading alongside the bullish bias line, with its stability above its EMA50, which suggests the continuation of the positive momentum.
The (RSI) indicators keep sending supported signals for the bullish trend, despite its approach from the overbought levels, which suggest the possibility for the continuation of the rise on the near-term basis, and cautious is required from any potential technical correction if the pair lost the momentum or if it faces a strong resistance in the upcoming levels.
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