Technical analysis of NZD/CHF
EUR/USD: 'Triple Top' on 34 Moving Average
There's a 'V-Bottom' pattern, so we've got a developing bullish correction. Even so, the market is likely going to test the next support at 1.2066 - 1.2051 within the next few hours.
We've got a 'Triple Top', which has been formed on the 34 Moving Average. So, the price is likely going to reach another support area at 1.2066 - 1.2051 in the short term.
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.