EURUSD, “Euro vs. US Dollar”
As we can see in the H4 chart, EURUSD has reached the support level and formed several Engulfing, Hammer, and Inverted Hammer reversal patterns. Judging by the previous movements, at the moment it may be assumed that after finishing the correction the instrument may resume moving to the downside.
USDJPY, “US Dollar vs. Japanese Yen”
As we can see in the H4 chart, after forming several Hanging Man, Harami, and Shooting Star reversal patterns near the resistance level, USDJPY has plummeted towards the support level. Judging by the previous movements, at the moment it may be assumed that after completing the correction the instrument may continue its ascending tendency.
