Analysis for December 15th, 2015
EUR USD, “Euro vs. US Dollar”
The H4 chart of EUR USD shows a bullish tendency. The upside Window provides resistance. Three Methods pattern indicates an ascending movement. Three Line Break chart and Heiken Ashi candlesticks show a bullish direction. The price may start a bearish pullback from the Window.
The H1 chart of EUR USD shows the uptrend. Engulfing Bearish pattern indicates 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, the downside Window provided support. Three Line Break chart and Heiken Ashi candlesticks confirm a bearish direction. Hammer patterns indicates a possible bullish pullback.
RoboForex Analytical Department
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