The market is going to test the closest support at 1.4069 - 1.4027. If a pullback from these area happens little later on...
EUR/USD: bearish "Harami" pattern
The last bearish "Harami" led to the current upward price movement. There's no any reversal pattern so far, which means the pair is likely going to continue moving down in the short term.
All the Moving Averages have been broken, so the market is moving down towards the lower "Window". If any reversal pattern forms little later on, we could have an upward correction.
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.