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: market going to test 55 MA again
The 34 & 55 Moving Averages have acted as support, so we've got bullish patterns such a "Harami" and an "Inverted Hammer". However, confirmation of these patterns is quite weak, so the market is likely going to test the 55 MA once again.
The price is consolidating near the last "Window". Also, there are a "Harami" and a "High Wave" patterns. Therefore, the pair is likely going to test the nearest resistance, which could be a departure point for an intraday decline.
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.