EURUSD has been trading sideways for the past two weeks after experiencing a downside correction from its 17-month high of 1.1275. However, the technical picture is slowly tilting towards the bearish side as the price has fallen beneath both the 50-day simple moving average (SMA) and the ascending trendline that connects its higher lows since September 2022. The momentum indicators currently suggest that bearish forces are intensifying. Specifically, the MACD is softening below both zero and its red signal line at its lowest level since June 14, while the RSI is descending below its 50-neutral threshold. Should we ... (full story)