Euro’s Dead Cross (or Achilles Heel)

EURUSD’s 50-day moving average has now fallen below its 100-day MA, which is referred to as a dead cross. As shorter duration moving averages (faster gauges of trend) move below their longer duration averages (slower gauges of trend), a downtrend is said to be confirmed. Momentum traders, trend-followers and black…

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This entry was posted on Tuesday, January 19th, 2010 at 10:07 pm and is filed under Forex, Forex Trading, Forex news, Money. You can follow any responses to this entry through the RSS 2.0 feed.