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: consolidation above the 34 MA
Bulls faced resistance at 1.1464, so we've got a "V-Top" pattern, which pushed the price to support at 1.1398. In this case, the market is likely going to test the next support at 1.1365. If a pullback from this level happens, there'll be an opportunity to have an upward price movement towards resistance at 1.1464 - 1.1494.
The main trend is still bullish, but there's a consolidation, which is taking place above the 34 Moving Average. Therefore, the pair is likely going to reach the nearest support at 1.1365 during the day. However, if we see a pullback from this support, bulls will probably try to reach resistance at 1.1464.
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.