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: "Inverted Hammer" on the 55 MA
We've got an "Inverted Hammer" on the 55 Moving Average. Considering confirmation of this pattern, the market is likely going to test the upper "Window" in the coming hours. If a pullback from this level happens, there'll be an opportunity to have a downward correction.
There's a new "Window", which was formed this morning. Also, we've got a "Belt Hold" pattern, so bulls are likely going to continue pushing the price even higher towards the nearest resistance.
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.