EUR USD, “Euro vs. US Dollar”
After a slight correction, the EUR/USD pair has formed several Shooting Star and Engulfing reversal patterns. These patterns indicate that the correction is over and the instrument may continue falling to update the closest low.
USD JPY, “US Dollar vs. Japanese Yen”
As we can see at the H4 chart, the USD/JPY pair has reached the resistance level and formed Hanging Man and Doji reversal patterns. Right now, we may assume that these patterns will result in a slight correction, which may be followed by a further growth.
RoboForex Analytical Department