NZD/JPY falling inside minor impulse wave C Next sell target - 76…
EUR/USD: "Flag" pattern
Bears faced with support at 1.1615, so the price is consolidating. The main intraday target is the next support at 1.1582 - 1.1560. If a pullback from this area happens, there'll be an opportunity to have an upward correction in the direction of the closest resistance at 1.1615 - 1.1668.
There's a "Flag" pattern, so the market is likely going to reach another support at 1.1582 - 1.1560 during the day. However, if we see a pullback from these levels, there'll be time for a bullish 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.