Both these lines cross at around 1.06000.
We can also see price has been in free fall since testing the upper channel ceiling in May 2014.
With the fundamental outlook looking bleak for the Euro I still feel on any Euro pair, however, these technicals cannot be overlooked. Until I see a siginificant break of the and the black ascending I am going to remain out of EURUSD for the time being.
We could technically see a bounce back towards 1.2000.
Watch this space.