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EUR/USD: all Moving Averages broken

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All the Moving Averages have been broken, so the market is likely going to test the next support at 1.2214 - 1.2205. A pullback from this area could be a departure point for an upward correction towards the nearest resistance at 1.2259 - 1.2273.

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There's no any reversal pattern so far, so the pair is likely going to continue declining. The main intraday target is the closest support at 1.2214 - 1.2205. If we have a pullback from these levels, bulls will probably try to deliver a correction.

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