Analysis for December 8th, 2015
EUR USD, “Euro vs. US Dollar”
At the H4 chart of EUR USD, bearish Three Methods pattern indicates a descending correction. Three Line Break chart and Heiken Ashi candlesticks confirm a bullish direction.
The H1 chart of EUR USD shows a sideways correction. The downside Window provides support. Three Line Break chart indicates a bullish direction; Doji pattern and Heiken Ashi candlesticks confirm that the descending correction continues.
USD JPY, “US Dollar vs. Japanese Yen” At the H4 chart of USD JPY, Evening Star pattern indicates a descending movement. Three Line Break chart shows a bullish direction; Heiken Ashi candlesticks confirm a bearish pullback.
RoboForex Analytical Department
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