EUR USD, “Euro vs. US Dollar”
As we can see at the H4 chart, after reaching the support level, the price is constantly forming Engulfing, Harami, Hammer, and Inverted Hammer reversal patterns. The current situation is no exception: the pair formed two Inverted Hammer patterns at the support level, which indicate a rebound and a further growth. The upside target is at the resistance level at 1.2067.
USD CHF, “US Dollar vs Swiss Franc”
At the H4 chart of USD CHF, the pair is constantly forming Engulfing, Harami, and Shooting Star reversal patterns during pullbacks. After failing to break the support level, the price was corrected towards the resistance one and then formed Hanging Man pattern. So far, the downside target is still at 0.9453.
RoboForex Analytical Department