DislikedLook what happens when two significant MAs crossed in the past, and notice that when a cross happens price either reverses completely in the opposite direction or jump up to cross before continueing the trend. That's why expect a slight rally to ~1.37 before it continues down.Ignored
We also have to remember that price don't have a mind of it's own. All price actions are based on actions of humans behind the desk. That's why prediction based on technicals is not reliable on it's own. It has to be supported by fundamental study.
If all people in the world decides to abandon Euro we can wipe our asses with all technical studies.
There is always three corners in forex studies - technical, fundamental and sentimental...
Trade well and I'll hope you're right