EUR USD, “Euro vs. US Dollar”
At the H4 chart of EUR USD, the correction within the downtrend continues. Reversal patterns are directed in different directions. High Wave pattern indicates a descending movement. Three Line Break chart shows a bearish direction: Heiken Ashi candlesticks confirm a possible bullish pullback.
At the H1 chart of EUR USD, Engulfing Bearish and Shooting Star patterns indicate a descending movement. The upside Window provided resistance. Three Line Break chart and Heiken Ashi candlesticks confirm a bearish direction.
USD JPY, “US Dollar vs. Japanese Yen”
At the H4 chart of USD JPY, bearish Harami pattern indicates a bearish pullback. The downside Window is a resistance level. Three Line Break shows a bullish direction; Heiken Ashi candlesticks confirm a descending movement.
RoboForex Analytical Department