The (EURUSD) soars high in its last intraday trading, continued expanding its gains in strong and sudden move, supported by the emergence of the positive signals on the (RSI), after reaching oversold levels.
This rise helped to break the previous weakness, after surpassing the resistance of the EMA50, surpassing its negative pressure, to create a main bullish trend line on the short-term basis, reinforcing the chances for the continuation of the positive momentum.
Despite this strong rise, monitoring the price behavior when reaching the near support levels is necessary, especially with the approach of the momentum indicators from the overbought levels again, which might put temporary pressure on the upcoming trading.
