NZD/JPY falling inside minor impulse wave C Next sell target - 76…
EUR/USD: "V-Top" pattern
Bulls faced resistance at 1.1712, so we've got a "V-Top" pattern, which has been confirmed. Therefore, the market is likely going to test the nearest support at 1.1615 - 1.1582. If a pullback from this area happens, the price will probably test the last high.
We've got a "V-Top" pattern, so the price is testing the 34 Moving Average. In this case, bears are likely going to reach the closest support at 1.1615 - 1.1582 during the day. Meanwhile, there's an opportunity to have another bullish price movement 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.