Article By RoboForex.com
EURUSD, “Euro vs. US Dollar”
On H4, the pair keeps correcting in an uptrend. The price is currently working off a signal by a Harami reversal pattern, testing the lower border of the ascending channel at the moment. Judging by the ascending dynamics, we may suppose that upon correcting, the quotations will bounce off the support line and go on growing to the next resistance level at 1.1955. However, the price may still fall to 1.1760.
USDJPY, “US Dollar vs. Japanese Yen”
On H4, the pair is working off an Inverted Hammer. We may presume that, upon correcting to 106.00, the pair will go on ascending. The aim of the growth is still near the resistance at 107.00. However, the price may still return to the support at 105.20.
Free Reports:
Sign Up for Our Stock Market Newsletter – Get updated on News, Charts & Rankings of Public Companies when you join our Stocks Newsletter
Get our Weekly Commitment of Traders Reports - See where the biggest traders (Hedge Funds and Commercial Hedgers) are positioned in the futures markets on a weekly basis.
EURGBP, “Euro vs. Great Britain Pound”
On H4, the pair has broken away the lower border of the descending channel. It is currently trading near the horizontal support level, where reversal candlestick patterns might form. The aim of a bounce is currently the resistance level at 0.8970; bouncing, the pair may correct in the downtrend. However, it may still just decline to 0.8855 without correction.
Article By RoboForex.com
Attention!
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex LP bears no responsibility for trading results based on trading recommendations described in these analytical reviews.
- China has shifted to using its own strategic oil reserves Jun 9, 2026
- GBP/USD Remains Under Pressure Despite Attempts to Recover Jun 9, 2026
- SpaceX IPO: Set for $75 billion liftoff Jun 8, 2026
- On Friday, the American stock market experienced one of the strongest crashes in recent times Jun 8, 2026
- EUR/USD at April Lows: What’s Next for the Pair? Jun 8, 2026
- The ceasefire between Israel and Lebanon has reduced the geopolitical premium Jun 5, 2026
- EUR/USD: All Eyes on Non-Farm Payrolls Jun 5, 2026
- The escalation of the conflict in the Middle East put pressure on US and European stock indices Jun 4, 2026
- Gold Remains Under Pressure, but a Rebound Is Still Possible Jun 4, 2026
- Bitcoin drops below the psychological $70,000 level. The US stock indices hit new record highs Jun 3, 2026
