The EURUSD pair declined in its latest intraday trading, following the resilience of the 1.1260 resistance level. The pair is attempting to build positive momentum that may help it recover and break above this resistance, while trying to unwind some of its clearly overbought conditions on the relative strength indicators, particularly with the emergence of a bearish crossover, amid the dominance of a short-term bullish corrective wave, while positive pressure remains in place as the pair trades above its EMA50, strengthening the chances of a near-term recovery.