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: bulls going to test next resistance
Bulls faced resistance at 1.1204, so the market is consolidating. However, the price is likely going to move on towards the next resistance at 1.1232 - 1.1249. If a pullback from this area happens, there'll be an opportunity to have a downward correction in the direction of support at 1.1171 - 1.1139.
There's a consolidation, which is taking place between the levels 1.1171 - 1.1204. Meanwhile, bears are likely going to get support on the 34 Moving Average, which could be a departure point for another bullish price movement. So, we should keep an eye on resistance at 1.1232 - 1.1249 as an intraday target.
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.