Analysis for June 7th, 2016
EUR USD, “Euro vs. US Dollar”
At the H4 chart of EUR USD, the bullish tendency continues. Bearish Harami pattern indicates a possible descending correction. Three Line Break chart and Heiken Ashi candlesticks confirm a bullish direction.
At the H1 chart of EUR USD, the sideways correction continues. The upside Window may provide resistance. Bearish Harami pattern indicates a descending movement. Three Line Break chart and Heiken Ashi candlesticks confirm a bullish direction.
USD JPY, “US Dollar vs. Japanese Yen”
The H4 chart of USD JPY shows a bearish tendency. Bullish Doji and Three Methods patterns indicated an ascending correction. The upside Window is a resistance level. Three Line Break chart shows a descending tendency; Heiken Ashi candlesticks confirm that the bullish correction continues.
RoboForex Analytical Department
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