There' a "V-Top" pattern, so the pair is likely going to test the closest support at 1.3996 - 1.3979. Meanwhile, if a pullback...
EUR/USD: bearish patterns inside strong resistance
There’s a strong resistance area, where we’ve got bearish patterns such a “Tweezers”, a “Shooting Star” and a “Doji”. Therefore, the market is likely going to test the lower “Window”, which could be a departure point for another upward price movement.
The 34 & 55 Moving Averages are acting as a support on the one-hour chart. At the same time, there’re a bearish “Shooting Star” and a “Doji”, but both patterns have a quite weak confirmation. So, the pair is likely going to test the nearest resistance once again. If a pullback from this level be on the table, bears will have a chance to deliver a local decline.
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.