The EURUSD price declined in its latest intraday trading, after the pair managed to ease its oversold conditions on the relative strength indicators, increasing the surrounding negative pressure amid the dominance of the main short-term bearish trend. The pair is moving along a trend line supporting this path, while continued negative pressure from trading below EMA50 further reduces the chances of a full recovery in the near term.
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The EURGBP confirmed its surrender to the dominant bearish trend by providing several closes below 0.8600 level, activating with the main indicators’ negativity by forming sharp decline, to surpass the initial targets to settle near 0.8515.
MoreThe EURJPY pair kept its stability below the additional barrier that is represented by 179.45 level, activating the negative trend and recording initial extra target by reaching 176.75 level.
MoreThe GBPJPY pair ended the bullish corrective rebound by providing a new negative close below 210.45 barrier, forming a sharp decline by targeting 207.60, repeating the sideways fluctuation by its stability above 208.10 level, which represents a confirmation key for the near trading.
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