The price of (EURUSD) kept declining in its last intraday trading, affected by breaking main bullish trend line on the short-term basis, with a dynamic negative pressure that is represented by its trading below EMA50, intensifying the possibilities of more downside moves on the short-term basis, especially with the emergence of the negative signals on the relative strength indicators.
CHFJPY recorded several gains in the last period, taking advantage of its stability within the bullish channel levels and forming key extra support at 195.90 level, which forces it to form some bearish corrective waves by reaching 197.35.
MoreThe EURJPY pair began activating with the main indicators’ positivity, to end the bearish corrective attempts after hitting 183.40 level, which represents an extension for the main bullish channel’s support.
MoreThe GBPJPY pair repeatedly providing weak sideways trading by its fluctuating near 210.70 level, affected by the contradiction between the main indicators, while the negative stability below 211.30 barrier keeps the bearish correction scenario, which might target 209.70 level reaching 209.10 support.
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