Article By RoboForex.com
EURUSD, “Euro vs US Dollar”
On D1, the pair demonstrates a bounce after a test of 38.2% (1.1695) Fibo. Such a bounce should be interpreted as a correction of the previous wave of decline. After the pullback, we should expect a new wave of decline aiming at a breakaway of 38.2% (1.1695) and further down to 50.0% (1.1493) and 61.8% (1.1292).
On H4, there is an ascending correction beginning after a convergence on the MACD. By now, the quotations have neared the first target level of 23.6% (1.1832). Further growth can be aimed at 38.2% (1.1910) and 50.0% (1.1974) Fibo. A breakaway of the local low of 1.1704 will signal the continuation of the medium-term downtrend.
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
USDJPY, “US Dollar vs Japanese Yen”
On D1, the wave of growth has failed to rise to the long-term fractal high of 111.71. The market seems to be preparing a pullback, and when it is over, a new wave aiming at a breakaway of the high is likely to start. After the breakaway, the quotations might head for the post-correctional extension area of 138.2-161.8% (115.18-117.35) Fibo. The local support level is 61.8% (108.23) Fibo.
On H4, there is a declining impulse beginning as a correction after a lengthy uptrend. The aims of the correction might be 23.6% (109.00), 38.2% (107.77), and 50.0% (106.78) Fibo. A breakaway of the local high of 110.97 will signal the continuation of 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.
- EUR/USD: The Advantage Remains with the Dollar Jun 29, 2026
- Escalation of the US–Iran conflict is once again supporting the rise in oil prices Jun 29, 2026
- Oil prices fall back to pre‑war levels. Silver drops to a 7‑month low Jun 25, 2026
- Gold Falls to an Eight-Month Low: This May Not Be the Bottom Jun 25, 2026
- Stock indices came under heavy selling pressure amid growing skepticism about AI investments Jun 24, 2026
- The Pound Is Pressured Not by Politics, but by a Strong US Dollar Jun 24, 2026
- Global crude oil prices continued to decline. The AUD/USD exchange rate hit an 11‑week low Jun 23, 2026
- EUR/USD Remains Under Sellers’ Control as the Dollar Stays Strong Jun 23, 2026
- Gold Falls for the Third Consecutive Week: Is There Still Upside Potential? Jun 22, 2026
- Bank Indonesia raised its interest rate. Norges Bank and the SNB left rates unchanged Jun 19, 2026
