NZD/JPY falling inside minor impulse wave C Next sell target - 76…
EUR/USD: "Shooting Star" pattern
The 55 & 89 Moving Averages are acting as resistance, so there's a "Shooting Star" pattern, which has been confirmed. In this case, if a pullback from the 34 MA happens soon, there'll be an opportunity to have another decline.
There are bearish patterns such a "Doji" and a "Harami", which both have been formed on the 55 Moving Average. So, the market is likely going to decline towards the nearest support area in the short term.
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.