EUR USD, “Euro vs. US Dollar”
At the H4 chart of EUR USD, bearish Three Methods continuation pattern indicated that the descending correction continues. The Window in the middle was broken, now it’s a resistance level; the downside one may provide support. Three Line Break chart and Heiken Ashi candlesticks confirm a bearish direction.
At the H1 chart of EUR USD, bearish Three Methods continuation patterns indicated a descending movement. The downside Window is a support level. Three Line Break chart shows a bearish direction; Heiken Ashi candlesticks confirm an ascending correction.
USD JPY, “US Dollar vs. Japanese Yen”
At the H4 chart of USD JPY, bullish Three Methods pattern indicated that the ascending correction continues. Three Line Break chart and Heiken Ashi candlesticks confirm a bullish direction; bearish Doji shows a possible descending pullback.
RoboForex Analytical Department