EUR/USD, “Euro vs. US Dollar”
At the H4 chart of EUR USD, the price is moving sideways, but Shooting Star, Doji, Engulfing, and Long-Legged Doji patterns indicate that the uptrend may reverse to the downside and the pair may start falling. After breaking the support level, the price may continue falling to reach the downside target at 1.1625.
NZD/USD, “New Zealand Dollar vs US Dollar”
At the H4 chart of NZD USD, we can see Engulfing patterns, which are regularly formed at the tops of correction. The patterns indicate that the downtrend continues. After finishing another correction, the price completed Engulfing and Long-Legged Doji patterns to show that the pair may break the support level and fall towards 0.7222.
RoboForex Analytical Department