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. While forming another correction with Engulfing and Shooting Star patterns, the price reached its predicted target. At the moment, the instrument is being corrected again and later is expected to continue falling.
USD CAD, “US Dollar vs Canadian Dollar”
At the H4 chart, the USD/CAD pair completed the ascending channel and started the descending one with Engulfing, Shooting Star, and Doji reversal patterns to define its borders. By now, the price has been corrected towards the resistance level and formed Shooting Star pattern. The downside target is at 1.2690.
RoboForex Analytical Department