EURUSD attempts to recover some of its losses

The (EURUSD) settled low in its last intraday trading, keeping its stability at the key support of 1.1610, which represents the negative double top pattern, this level provided positive momentum that assisted the price to recover some of its losses yesterday, attempting to offload the clear oversold conditions on the (RSI), and the beginning of positive overlapping signals appearance reinforces the chances for a rebound.

Despite the continuation of the support due to the trading above EMA50, but the bearish trend remains dominant on the short-term basis, with the trading alongside a bias line that reinforces this decline.