EUR/USD, “Euro vs. US Dollar”
At the H4 chart of EUR USD, the uptrend continues. After forming Harami and Shooting Star patterns near the high, the price was corrected to the downside. Later, the pair finished Doji pattern and stopped below the resistance level, which means that it may be corrected again before continuing to grow. After the price breaks the resistance level, the next upside target will be at 1.1974.
USD JPY, “US Dollar vs. Japanese Yen”
At the H4 chart of USD JPY, after the ascending correction, the price formed Engulfing and Doji patterns and continued moving downwards. Later, the pair formed Hammer pattern at the support level, which means that it may start another correction. The downside target is at 109.54.
RoboForex Analytical Department