EURUSD declines, affected by its current resistance

The (EURUSD) declined in its last intraday trading, affected by the stability of the current resistance level at 1.1750, which pushed the price to gather its previous gains, in an attempt to catch its breath and regain the required positive momentum to breach the key resistance.

This decline was accompanied by the attempts to offload the clear overbought conditions on the (RSI), especially with the emergence of the negative signals, amid the continuation of the price affection by its previous breach to a bearish correctional trend line on the short-term basis, keeping the possibilities of the rise valid if the bullish momentum returns.