The EURUSD has rallied back to 1.2860 after falling to a low of 1.2810 from 1.3000. In my opinion, this rally may not last as the pair may see a resistance at the downtrend line that was drawn above. Note also that there is a hidden bearish divergence, where the price makes lower highs and the stochastics draw higher highs. This indicate that it may extend its present downtrend. Moreover, the stochastics is already at the overbought condition which also signifies a potential weakness in the term. Given the fiber’s present technical set-up, it may be a good time to short it now. Caveat.