EUR USD, “Euro vs. US Dollar”
As we can see at the H4 chart, after some significant growth, the EUR/USD formed Engulfing pattern and completed the correction towards the support level, where it formed Hammer and Inverted Hammer patterns. These patterns indicate that the uptrend may continue to update the closest highs.
USD JPY, “US Dollar vs. Japanese Yen”
The USD/JPY pair is still forming the descending channel and updating the low. At the channel bottom, the price has formed Engulfing pattern, which may force it to grow towards the upside border. Later, the instrument may resume falling and reach new local lows.
RoboForex Analytical Department