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: bullish party
The lower "Window" has acted as support, which led to a new local high. Considering the last "Hammer", bulls are likely going to test the nearest resistance level, which could be a departure point for a downward correction.
We've got some bullish patterns such a "High Wave" and a "Hammer" at the last low. So, there's an opportunity to have the market even higher in the short term. However, if any bearish pattern arrives afterwards, bears will probably try to deliver a 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.