EUR/USD reversed from support zone Next buy target - 1…
EUR/USD: price going to continue declining
There are bearish patterns such a "Shooting Star" and a "Tweezers", which both have been confirmed. So, the market is likely going to continue declining towards the next support area in the short term.
The 89 Moving Average has acted as resistance, but there's a bullish "Hammer", which has been formed at the local low. Therefore, we could have a local upward correction and the following decline 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.