EURUSD: Pending 1M MACD Cross initiating violent decline.EURO / U.S. DOLLARFX_IDC:EURUSDInvestingScopeEURUSD remains neutral on its 1D technical outlook (RSI = 53.071, MACD = 0.003, ADX = 14.903) as despite April's strong rise, it is yet again facing with the reality of the 1M MA200 Resistance. This was the level, which along with the 8 year LH trendline, rejected EURUSD both in January and February. A 1M MACD Bearish Cross that may be formed as early as next month, will be the technical catalyst for a strong decline as it was at this level that the bearish signal was given in July 2018 and August 2021. Target the 0.786 Fibonacci (TP = 1.0600) as the pattern is technically similar to 2018. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##