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