EURUSD, “Euro vs. US Dollar”
As we can see in the H4 chart, EURUSD is trading close to the resistance level and forming Hanging Man, Engulfing, and Shooting Star reversal patterns. Judging by the previous movements, at the moment it may be assumed that after finishing another 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 below the resistance level and forming Harami and Hanging Man reversal patterns. Judging by the previous movements, at the moment it may be assumed that after completing this correction the instrument may continue its descending tendency.
