EURUSD, “Euro vs. US Dollar”
As we can see in the H4 chart, EURUSD continues the pullback from the support level; right now, it is forming Hammer, Doji, and Engulfing reversal patterns. Judging by the previous movements, at the moment it may be assumed that these patterns indicate another correction before the instrument starts a new uptrend.
USDJPY, “US Dollar vs. Japanese Yen”
As we can see in the H4 chart, USDJPY is still testing the support level and forming Doji, Hammer, and Inverted Hammer reversal patterns. Judging by the previous movements, at the moment it may be assumed that after completing the correction, the instrument may continue its ascending tendency.
