EURUSD: 1D Death Cross aims for 1.15500Euro/US DollarFX:EURUSDInvestingScopeEURUSD is bullish on its 1D technical outlook (RSI = 63.369, MACD = 0.002, ADX = 28.020) but has just come off a 1D Death Cross formation. In the meantime, it reached the 0.618 Fibonacci level of the consolidation it's been under in the past 9 months. The 1D RSI is approaching the overbought level where it got rejected in January and December. A 1D candle close over the 0.618 Fibonacci can make one final push to the 0.786 but the market is very unlikely to ignore a 1D Death Cross altogether. The most likely target for May is the 0.236 Fibonacci (TP = 1.15500). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##