Analysis for July 8th, 2016
EUR USD, “Euro vs. US Dollar”
At the H4 chart of EUR USD, bullish Hammer pattern showed the correction. The downside Window provides support. Three Line Break chart indicates a bearish direction; Heiken Ashi candlesticks confirm that the ascending correction may yet continue.
At the H1 chart of EUR USD, bearish Doji pattern near the Window in the middle shows a descending movement. 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 Three Methods pattern indicates that the downtrend continues. Three Line Break chart and Heiken Ashi candlesticks confirm a descending movement.
RoboForex Analytical Department
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