The Euro (EURUSD) is witnessing relative stability with a slight decline in its recent intraday trading, maintaining its position below the key support level of 1.0945. This is amidst the dominance of a corrective bearish wave, further reinforced by the return of negative signals on the Relative Strength Index (RSI), after the pair previously managed to offload some of its overbought condition.
Despite this decline, the signs of an upward trend still dominate the short-term timeframe, with the price trading along a trend line and remaining above the EMA50, which could ease the negative pressures in the near term.
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