The EUR/USD pair edged higher in intraday trading after the pivotal support of $1.0820 held on, which represents the neckline of a negative technical pattern that formed in the short term, the Double Top pattern, lending the price some positive momentum which helped it pare some earlier losses, while the price also tries to vent off oversold saturation in the Stochastic as it starts to send out positive signals. 

 

It comes after the price pierced a secondary upward trend line, trespassing with this negative move the 50-candle SMA and exposing the price to mounting pressure, with an increasing potential for the downward correctional trend to dominate upcoming trading.