NZD/JPY falling inside minor impulse wave C Next sell target - 76…
EUR/USD: bearish "Engulfing"
There's a bearish "Engulfing", which has been confirmed enough. So, the market is likely going to test the nearest support level, which could be a departure point for another bullish rally.
We've got an "Engulfing" pattern, which was formed at the last high. The market is likely going to test the lower "Window" in the short term. If a pullback from this level happens, there'll be a green light for an upward price movement.
We've got a bearish "High Wave", which has strong confirmation. In this case, the price is likely going to decline.
Growing concerns over Greek bailout, early elections in Italy and comments by the ECB President Mario Draghi about the need to maintain the bank’s extraordinary amount of monetary policy support…
The 144 Moving Average has acted as support, but there's a bearish "Engulfing' at the local high.