EURUSD is trading increasingly bearish over the past five days, heading towards one-month lows, with the technical indicators pointing to further declines in the short-term period. Yet a rebound could be around the corner. Technically, the price may extend negative momentum in the near term according to the RSI which continues to weaken below its 50 neutral-mark. The MACD gives another bearish signal since it is has diverged further below its red signal line and is set to enter the negative territory. However, the Stochastics suggest that the downfall is overdone, and the market could reverse higher as the green %K ... (full story)