Technical analysis of NZD/CHF
EUR/USD: 'Shooting Star' pattern
There's a 'Shooting Star' pattern, which has been confirmed, so the price is likely going to test the nearest support at 1.1496. If a pullback from this level happens next, there'll be an opportunity to have another upward price movement towards the next resistance at 1.1604.
The last bearish 'Harami' led to the current decline, but we've got a local 'High Wave' pattern, so the market could test the upper 'Window' at 1.1555. The subsequent pullback from this level will probably lead to a decline in the direction of the nearest support at 1.1496.
If we see a pullback from the lower 'Window', the pair is likely going to test the nearest Moving Averages...
Bearish Ichimoku Cloud with falling Senkou Span A and rising Senkou Span B; a dead cross of Tenkan-sen and Kijun-sen with falling lines.
The picture on W1 looks very much like the “Head and Shoulders” with the neckline at 3.68 or 3.56.