First it was the 20-day MA with the 200-day MA and, right now, it's the 50-day MA with the 200-day MA. These two crossing each other means a shift in the trend. However, we must add that the key was in breaking 1.6117 and if it's not consolidated, the price will try to seek new lows. The next upwards level is 1.6234, followed by 1.6386 dollars per pound. On the lower side, the key will be breaking 1.6117 to seek 1.6, through the 1.6024 support.
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