EURUSD, “Euro vs. US Dollar”
As we can see in the H4 chart, EURUSD is still testing the resistance level and forming Inverted Hammer, Engulfing, and Doji reversal patterns. Judging by the previous movements, at the moment it may be assumed that after testing the resistance the instrument may continue moving to the upside.
USDJPY, “US Dollar vs. Japanese Yen”
As we can see in the H4 chart, USDJPY is once again testing the resistance level and forming Engulfing, Shooting Star, and Harami reversal patterns. Judging by the previous movements, at the moment it may be assumed that after completing the pullback the instrument may continue its ascending tendency.
