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. After finishing another correction with Shooting Star and Doji patterns, the price resumed falling. The downside target is still 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. By now, the instrument has been corrected towards the resistance level at 1281.45 and formed Harami and Long-Legged Doji patterns. The downside target is at 1265.70.
RoboForex Analytical Department