USD CAD, “US Dollar vs Canadian Dollar”
The USD continues strengthening against the Canadian Dollar. At the H4 chart, the USD/CAD pair formed the ascending channel with Harami, Hammer, Doji, and Engulfing reversal patterns at support and resistance levels to define its borders. In addition to that, the price broke the resistance level and right now is still growing to reach the next target at 1.2552.
EUR USD, “Euro vs. US Dollar”
As we can see at the H4 chart, the EUR/USD is still moving downwards and forming Long-Legged Doji, Harami, Engulfing, Hammer, Inverted Hammer, and Doji reversal patterns at the borders of the descending channel. After being corrected towards the resistance level at 1.1790, the price fell towards 1,1719, but failed to break it on the first try. If later the pair succeeds, the downside target will be at 1.1673.
RoboForex Analytical Department