NZD/JPY falling inside minor impulse wave C Next sell target - 76…
EUR/USD: bearish "Three Methods"
We've got a bearish "Three Methods" pattern, so the price is declining. There isn't any reversal pattern so far, which means bears are likely going to push the price even lower in the short term.
There's a bullish "Harami", but this pattern remains unconfirmed. Therefore, we could have just a local upward correction. If a pullback from the nearest resistance happens little later on, bears will try to deliver a new local low.
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.