Analysis for June 10th, 2016
EUR USD, “Euro vs. US Dollar”
At the H4 chart of EUR USD, bearish Tower pattern at the daily Window indicates a descending movement. Three Line Break chart and Heiken Ashi candlesticks confirm a bearish direction; Three Methods continuation pattern shows a descending movement.
At the H1 chart of EUR USD, bullish Hammer and Tower patterns show an ascending movement. The Window in the middle provides support. Three Line Break chart confirms a bullish direction; Heiken Ashi candlesticks show a possible bearish pullback.
USD JPY, “US Dollar vs. Japanese Yen”
The H4 chart of USD JPY shows a bearish tendency. The correction near the downside Window continues. Engulfing Bearish pattern indicates a descending movement. Three Line Break chart and Heiken Ashi candlesticks confirm a bearish direction.
RoboForex Analytical Department
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