EUR/USD: 'High Wave' led to decline

EUR/USD: 'High Wave' led to decline


The 144 Moving Average has acted as resistance, so there's a 'Shooting Star', which led to the current decline. Also, we've got a 'Three Methods' pattern, so the market is likely going to test the next support at 1.1569.


The last 'High Wave' led to the current decline. The main intraday target is the lower 'Window' (1.1600). A pullback from this level could be a starting point for an upward price movement towards the nearest resistance at 1.1656.



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