EUR USD, “Euro vs. US Dollar”
As we can see at the H4 chart, the EUR/USD pair is being corrected and has already formed several Hammer, Engulfing, and Inverted Hammer patterns, which indicate that the price is about to complete the correction and start a new ascending movement to break the closest high.
USD JPY, “US Dollar vs. Japanese Yen”
The USD/JPY pair is still forming the descending channel and updating the low. After breaking the support level, the price was corrected towards the resistance one and formed Shooting Star and Hanging Man patterns, which indicate that the current descending tendency may continue.
RoboForex Analytical Department