NZD/JPY falling inside minor impulse wave C Next sell target - 76…
EUR/USD: "Engulfing" pattern
There's still no any reversal pattern so far, cause all the last candles are bullish. Therefore, the price is likely going to test the next upward "Window".
The 34 Moving Average has acted as support, so we've got an "Engulfing" pattern on this line. In this case, the pair is likely going to continue moving up.
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.