Article By RoboForex.com
EURUSD, “Euro vs US Dollar”
As we can see in the H4 chart, the asset has formed a Shooting Star reversal pattern close to the resistance area. At the moment, EURUSD is reversing in the form of a new descending impulse. In this case, the downside target may be at 1.1115. However, an alternative scenario implies that the price may grow to reach 1.1250 and continue the downtrend without any corrections towards the support level.
USDJPY, “US Dollar vs Japanese Yen”
As we can see in the H4 chart, USDJPY has formed a Harami pattern not far from the resistance level. At the moment, the asset may reverse and start a new descending impulse. In this case, the downside correctional target may be at 121.00. At the same time, an opposite scenario implies that the price may grow to reach 124.50 without testing the support area.
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”
As we can see in the H4 chart, after forming a Hammer reversal pattern near the support area, EURGBP is reversing and may start another ascending wave. In this case, the upside target may be at 0.8545. Later, the market may test the resistance level, break it, and continue the ascending tendency. Still, there might be an alternative scenario, according to which the asset may correct to reach 0.8475 first and then resume trading upwards.
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.
- The US introduces new import tariffs for 60 countries. Brent crude surpasses $100 per barrel Jul 24, 2026
- USD/JPY Breaks Records: Nothing Slows the Yen’s Decline Jul 24, 2026
- Oil prices reached a 6‑week high. The AUD strengthened on the back of a strong labor‑market report Jul 23, 2026
- EUR/USD Recovers as Dollar Weakens Jul 23, 2026
- Bitcoin rose to $66,000. The New Zealand dollar continues to strengthen Jul 22, 2026
- Inflationary pressure is easing in Canada. In New Zealand, on the contrary, inflation is rising Jul 21, 2026
- GBP/USD Falls After Cabinet Changes Jul 21, 2026
- Geopolitical and macroeconomic conditions continue to pressure market sentiment Jul 20, 2026
- USD/JPY Poised to Continue Gains as Expensive Oil and Lack of Support Weigh on Yen Jul 20, 2026
- COT Metals Charts: Weekly Speculator Bets led by Copper & Steel Jul 18, 2026
