NZD/JPY falling inside minor impulse wave C Next sell target - 76…
EUR/USD: leading diagonal in wave (a)
Wave [ii] is still underway, so we should keep an eye on 3/8 MM level as the next bearish target. If a pullback from this level happens little later on, there'll be an opportunity to have an impulse in wave [iii].
There's a possible leading diagonal in wave (a). In this case, we could have wave (b) during the day. Nevertheless, bears are likely going to deliver wave (c) of [ii] afterwards.
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.