Article By RoboForex.com
EUR USD, “Euro vs. US Dollar”
At the H4 chart of EUR USD, bearish Harami pattern indicated a descending correction. Three Line Break chart and Heiken Ashi candlesticks confirm bullish direction.
At the H1 chart of EUR USD, the sideways correction continues. Engulfing Bearish pattern indicates a descending movement. The downside Window is a support level. Three Line Break chart shows a bullish direction; Heiken Ashi candlesticks confirm the descending movement.
USD JPY, “US Dollar vs. Japanese Yen”
At the H4 chart of USD JPY, bullish Inverted Hammer pattern indicates an ascending movement. Three Line Break chart and Heiken Ashi candlesticks shows a bearish direction to confirm that the descending correction continues.
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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.