Technical analysis of NZD/CHF
EUR/USD: all Moving Averages broken
All the Moving Averages have been broken, so the market is likely going to test the next support at 1.2214 - 1.2205. A pullback from this area could be a departure point for an upward correction towards the nearest resistance at 1.2259 - 1.2273.
There's no any reversal pattern so far, so the pair is likely going to continue declining. The main intraday target is the closest support at 1.2214 - 1.2205. If we have a pullback from these levels, bulls will probably try to deliver a correction.
If we see a pullback from the lower 'Window', the pair is likely going to test the nearest Moving Averages...
Bearish Ichimoku Cloud with falling Senkou Span A and rising Senkou Span B; a dead cross of Tenkan-sen and Kijun-sen with falling lines.
The picture on W1 looks very much like the “Head and Shoulders” with the neckline at 3.68 or 3.56.