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Forecast update for EURUSD -17-06-2026.
The EURUSD pair declined during recent intraday trading as negative signals started to emerge from the relative strength indicators after reaching heavily overbought levels. This pullback appears to be a healthy correction aimed at easing buying pressure and allowing the pair to regain positive momentum for a potential continuation of its upward movement, amid the continuation of the short-term corrective bullish wave, supported by a positive technical formation in the form of a double-bottom pattern, which reinforces the prospects for further gains. In addition, continued trading above the EMA50 provides dynamic support and strengthens the likelihood of a renewed recovery in the near term.
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