
“EUR/USD extended its intraday decline, breaking below the key support level at 1.1645 — the target highlighted in our previous analysis. This drop aligns with the continued dominance of the short-term bearish corrective trend, as price action remains guided by a descending trendline and pressured by stability below the 50-period EMA.
However, a positive crossover has begun to appear on the relative strength indicators after reaching oversold territory. This suggests the potential for a temporary bullish correction before the prevailing downtrend resumes.”
Let me know if you’d like a more technical, formal, or simplified version.
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