The (EURUSD) experienced highly fluctuated trading during yesterday’s session, ending with a slight decline, as negative signals emerged from the Relative Strength Index (RSI) after reaching extremely overbought levels. In an attempt to gain positive momentum that could support a recovery and upside moves, to lean on the support of the EMA50, beside its leaning on the critical support level at 1.0945. All that provided some positive momentum and helped it to rebound higher on its recent intraday trading, getting advantage from the main bullish trend that remains the dominant and the pair’s stability above the ascending trendline.

The (GBPUSD) pair’s price rose in its latest intraday trading, as positive signals began to reappear in the Relative Strength Index (RSI) after the pair successfully get rid of some of its previous overbought pressure, beside the domination of the main bullish trend on the short-term basis and trading along a rising trendline, which prepares the pair to attack the key resistance level at 1.2865.

 The (USDJPY) pair’s price declined in its latest intraday trading, following the stability of the key resistance level at 148.15. accompanied with the pair facing resistance from the EMA50, which added to the negative pressure and forced it to head downside, especially under the influence of the dominant bearish trend and trading along a bearish trend line.

The (USDCAD) pair’s price edged slightly higher in its latest intraday trading, as the pair attempts to recover part of the losses it incurred yesterday. At the same time, it is trying to get rid of some of the clear oversold pressure from the Relative Strength Index (RSI), especially with the beginning of a positive overlapping signals. This comes amid the dominance of a main bearish trend and trading along a short-term descending trendline.