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 "Pennant"
The price is consolidating above the 55 Moving Average. Therefore, the market is likely going to reach the nearest resistance at 1.1204 - 1.1232 in the short term. If a pullback from this area happens, there'll be an opportunity to have a decline towards the 89 Moving Average.
Bulls faced resistance at 1.1212, so the price is consolidating. Also, we've got a "Pennant" pattern, so the pair is likely going to achieve resistance at 1.1227 during the day. However, if we see a pullback from this level, bears will probably try to test support at 1.1165 - 1.1137.
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.