Technical Analysis – EURUSD ‘death cross’ could lead to fresh 13-year low
Posted on October 24, 2016 at 8:10 am GMTA significant technical development for EURUSD today has been the crossing of the 50-day average below the 200-day. This is often called the ‘death cross’ by technicians as it can be a bearish signal that can have medium- to long-term implications. The violation of 1.0950 on Thursday, which held during the past 7 months was already a negative development. The short-term low for EURUSD has been 1.0858, which has already been tested a couple of times; today and on Friday. [..]