EUR/USD: bearish 'High Wave' and 'Evening Star'

EUR/USD: bearish 'High Wave' and 'Evening Star'

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There're bearish patterns such a 'High Wave' and an 'Evening Star', which both have been formed on the 55 Moving Average. It's likely that the pair is going to test the nearest support at 1.1319 soon. If a pullback from this level forms next, there'll be a moment to have a bullish price movement to 1.1385.

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We've got a new 'Window'. Also, there's a 'High Wave' pattern above the Moving Averages, so the market is likely going to test the closest support at 1.1319 within the next few hours. Meanwhile, a pullback from this level could lead to an upward price movement towards the previously tested resistance at 1.1385.

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EUR/CHF looks ill

This week EUR/CHF broke below the 100- and 50-day MAs at 1.0966 and 1.0954 respectively.

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