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Forecast update for EURUSD -05-02-2026.
The price of EURUSD settles on a decline in its last intraday trading, amid the dominance of steep bearish corrective wave on short-term basis, with the continuation of the negative pressure due to its trading below EMA50, which reduces the chances of sustainable recovery on near-term basis, on the other hand, we notice the emergence of positive overlapping signals from relative strength indicators after reaching oversold levels, reducing its last losses, to witness intraday fluctuations.
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