Article By RoboForex.com
EUR USD, “Euro vs. US Dollar”
At the H4 chart, the EUR/USD is still forming the descending channel with Shooting Star, Doji, Harami, and Engulfing reversal patterns at support and resistance levels to define its borders. Alter the price finishes the correction, its next downside target will be at 1.1588.
XAU USD, “Gold vs US Dollar”
At the H4 chart, the instrument is forming a new descending channel with Shooting Star, Engulfing, Doji, and Hammer reversal patterns to define it borders. Right now, the instrument is being corrected towards the resistance level at 1281.45. If later the instrument rebounds from this level, it may reach the support level at 1265.70.
RoboForex Analytical Department
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Article By RoboForex.com
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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.
