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Forecast update for EURUSD -16-09-2026
The EURUSD pair declined in its latest intraday trading, erasing most of its early gains for today affected by the stability of the key support at 1.1530, gaining some bullish momentum and helped it to face negative pressure, amid the dominance of the bearish corrective trend on the short-term basis, with the continuation of the negative pressure that comes from its trading below EMA50, besides the emergence of the negative signals from the relative strength indicators, after reaching overbought levels exaggeratedly compared to the price move, which suggest the return of the last decline.
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