Article By RoboForex.com
EURUSD, “Euro vs. US Dollar”
As we can see in the H4 chart, EURUSD is testing another support level and forming Hammer, Harami, and Inverted Hammer reversal patterns. Judging by the previous movements, at the moment it may be assumed that after finishing the pullback the instrument will continue trading downwards.
USDJPY, “US Dollar vs. Japanese Yen”
As we can see in the H4 chart, USDJPY is still testing the resistance level and forming Hanging Man, Doji, and Shooting Star reversal patterns. Judging by the previous movements, at the moment it may be assumed that after testing the level the instrument may continue its ascending 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.
