EURUSD, “Euro vs. US Dollar”
As we can see in the H4 chart, EURUSD has tested the resistance level with Shooting Star and Engulfing reversal patterns and then completed the correction. Judging by the previous movements, at the moment it may be assumed that after finishing another pullback the instrument may continue moving to the upside.
USDJPY, “US Dollar vs. Japanese Yen”
As we can see in the H4 chart, USDJPY is still trading close to the resistance level and forming Doji, Shooting Star, and Hanging Man reversal patterns. Judging by the previous movements, at the moment it may be assumed that after completing the correction the instrument may continue its descending tendency.
