NZD/JPY falling inside minor impulse wave C Next sell target - 76…
EUR/USD: bullish "High Wave"
There's a "High Wave" pattern, which has been confirmed. So, the market is likely going to test the 34 Moving Average, which could be a departure point for another decline.
We've got a local bullish "High Wave", so there's an opportunity to have an intraday upward price movement. The main target for buyers is the 144 Moving Average line.
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.