EURUSD, “Euro vs. US Dollar”
After reaching the resistance level in the H4 chart, EURUSD has formed several Hanging Man, Long-Legged Doji, and Engulfing reversal patterns there. At the moment, it may be assumed that these pattern indicate a new decline of the price towards the support level.
USDJPY, “US Dollar vs. Japanese Yen”
As we can see in the H4 chart, after finishing the correction towards the support level, USDJPY has completed several Hammer and Inverted Hammer reversal patterns. Judging by the previous movements, it may be assumed that the pullback is over and the instrument may continue growing.
RoboForex Analytical Department