Category: Forex News, News
Forecast update for EURUSD -29-07-2026
The EURUSD pair declined in its last intraday trading, reaching EMA50’s resistance, putting it under negative pressure amid the dominance of the main bearish trend on the short-term basis, with its trading alongside supportive trend for this path, besides the emergence of the negative signals from the relative strength indicators, after reaching exaggerated overbought levels compared to the price move, intensifying the negative pressure, indicating more downside moves in the near upcoming period.
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