EUR/USD reversed from support zone Next buy target - 1…
EUR/USD: "Window" going to act as resistance
The price has been rising since a pullback from the nearest Moving Average happened. Also, there isn't any bearish pattern so far. Therefore, the market is likely going to continue rising towards the upper "Window".
The Moving Averages have acted as support, so the price is rising. All the last candles are bullish. However, if a pullback from the closest resistance happens, there'll be an opportunity to have a local bearish 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.