Article By RoboForex.com
EURUSD, “Euro vs. US Dollar”
As we can see in the H4 chart, after reaching the support level once again and forming several Hammer and Harami reversal patterns there, EURUSD has rebounded from it. At the moment, it may be assumed that the instrument is trying to start another ascending movement.
USDJPY, “US Dollar vs. Japanese Yen”
As we can see in the H4 chart, USDJPY is still trading close to the support level and forming Doji, Hammer, and Engulfing reversal patterns. Judging by the previous movement, it may be assumed that the instrument may complete its sideways movement soon, rebound from the support level, and start a new rising tendency.
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.
