The market is going to test the closest support at 1.4069 - 1.4027. If a pullback from these area happens little later on...
EUR/USD looking for sell signals
EUR/USD remains strong in a bearish bias below the 200 SMA at H1 chart and it’s now looking to consolidate above the 50 SMA. That’s a call the pair could do a rally to reach the supply zone between the 1.1860 and 1.1902 levels in the short-term. Around that area we’re seeing a 200 SMA projected that could act as a dynamic resistance for the pair, in order to reach the -23.6% Fibo level of 1.1649, once it breaks below September 27th lows.
RSI indicator is in the positive territory.
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.