NZD/JPY falling inside minor impulse wave C Next sell target - 76…
EUR/USD: no any confirmed reversal pattern
There's still no any confirmed reversal pattern, so all the last candles are bearish. Therefore, the pair is likely going to continue declining towards the nearest support, which could be a departure point for a bullish correction.
The price has been declining since a pullback from the upper "Window" formed. Considering that there's no any bullish pattern, the pair is likely going to continue declining until any reversal model arrives.
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.