EURUSD breaks its bullish channel and faces strong negative pressure

The (EURUSD) continued its decline in its last intraday trading, to exit minor bullish channel’s range that supported its move in the last period on a short-term basis, accompanied by surpassing the EMA50 to the downside, reinforcing the negative pressure.

Noticing the emergence of the negative signals on the (RSI), despite reaching oversold levels, indicating the continuation of the selling momentum, this scenario might open the way for targeting new support levels unless the price manages to return to its balance.