Article By RoboForex.com
EURUSD, “Euro vs US Dollar”
As we can see in the H4 chart, the asset has formed a Hammer reversal pattern close to the support area. At the moment, EURUSD may is reversing in the form of another ascending impulse. In this case, the upside target may be at 1.0490. However, an alternative scenario implies that the price may fall to reach 1.0355 and continue the downtrend without testing 1.0490.
USDJPY, “US Dollar vs Japanese Yen”
As we can see in the H4 chart, USDJPY has formed several reversal patterns not far from the support area, such as Hammer. At the moment, the asset may reverse in the form of a new ascending impulse. In this case, the upside target may be at 137.60. At the same time, an opposite scenario implies that the price may correct to reach 135.25 and continue the uptrend only after the pullback.
Free Reports:
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.
Download Our Metatrader 4 Indicators – Put Our Free MetaTrader 4 Custom Indicators on your charts when you join our Weekly Newsletter
EURGBP, “Euro vs Great Britain Pound”
As we can see in the H4 chart, after forming several reversal patterns near the support area, such as an Inverted Hammer, EURGBP is reversing in the form of a new rising impulse. In this case, the upside target may be the resistance level at 0.8665. Later, the market may test this level, break it, and continue moving upwards. Still, there might be an alternative scenario, according to which the asset may correct to reach 0.8590 first and then resume the uptrend.
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.
- Investors run to safe-haven assets amid Middle East escalation Mar 6, 2026
- EUR/USD Under Pressure: Middle East Risks Outweigh All Else Mar 6, 2026
- Bitcoin shows resilience to Middle East events. Oil market stabilizes Mar 5, 2026
- GBP/USD: Market Not Expecting BoE Rate Cut in March Mar 5, 2026
- Brent headed for $100? Mar 4, 2026
- Global stock indices continue sell-off due to Middle East conflict Mar 4, 2026
- USD/JPY to Quickly Return to Growth: Momentum Favours the US Dollar Mar 4, 2026
- European equities plunge amid Persian Gulf military conflict Mar 3, 2026
- Gold Rallies for Fifth Day, With External Risks Mounting Mar 3, 2026
- Iran Crisis: A Dangerous Turning Point Mar 2, 2026
