EUR USD, “Euro vs. US Dollar”
At the weekly chart of EUR USD, the downtrend continues. Engulfing Bearish pattern indicates a descending movement. Three Line Break chart shows a bullish direction; Heiken Ashi candlesticks confirm the descending movement.
At the daily chart of EUR USD, the correction within the downtrend continues. Engulfing Bullish and Hammer patterns indicate an ascending movement. Three Line Break chart and Heiken Ashi candlesticks confirm a bullish direction.
USD JPY, “US Dollar vs. Japanese Yen”
At the daily chart of USD JPY, the sideways correction continues. Hammer pattern indicates an ascending movement. Three Line Break chart shows a bearish direction; Heiken Ashi candlesticks confirm the ascending movement.
RoboForex Analytical Department