EUR/USD reversed from support zone Next buy target - 1…
EUR/USD: "Window" going to act as resistance
We've got a bullish "Three Methods" pattern, so the price is likely going to test the upper "Window". If any bearish pattern arrives afterwards, there'll be an opportunity to have a downward correction.
Bulls have broken a "Window", so the price is rising. Also, there isn't any reversal pattern so far, which means we could have the market even higher. However, if a pullback from the closest resistance happens, bears will probably try to deliver a 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.