EURUSD: Ceasefire or the Death Cross will prevail?Euro/US DollarFX:EURUSDInvestingScopeEURUSD turned neutral on its 1W technical outlook (RSI = 52.538, MACD = -0.001, ADX = 23.331) getting boosted by the Middle-East ceasefire but the market seems to ignore one critical technical development that just took place. And that is the 1D Death Cross. As you see historically since 2008, every 1D Death Cross formed on such a market top reversal instantly delivered a sell-off and in most cases a very aggressive one. In market conditions like this where we have the start of a Bear Cycle, the 1W technical outlook turning neutral is the best short opportunity you can get. The 1W RSI is also around the same level as most of those past Death Crosses. We expect the market to resume the downtrend soon and eye the 1.0600 - 1.0400 Zone by the end of the year. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##