EUR/USD reversed from support zone Next buy target - 1…
EUR/USD: series of "Three Methods" patterns
There's a developing bearish "Three Methods". If this pattern confirms, the price is likely going to continue moving down until any bullish model forms.
We've got series of "Three Methods" patterns, so the price is still declining. It's likely that the market is going to test the nearest support area, which could be a departure point for a bullish correction.
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.