Technical analysis of NZD/CHF
EUR/USD: bearish 'Engulfing' pattern
There's still no any reversal pattern so far, which means the pair is likely going to continue declining. However, if a pullback from the nearest support area forms little later on, there'll be an opportunity to have an upward correction.
We've got a bearish 'Engulfing' pattern, which has been confirmed. So, the market is likely going to continue declining in the direction of the lower 'Window'.
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.