Analysis for May 24th, 2016
EUR USD, “Euro vs. US Dollar”
At the H4 chart of EUR USD, Harami pattern indicated a sideways correction. The closest Window provides resistance. Three Line Break chart and Heiken Ashi candlesticks confirm a bearish direction.
At the H1 chart of EUR USD, the sideways correction continues. Bearish Harami pattern indicates a descending movement. Three Line Break chart shows the ascending correction; Heiken Ashi candlesticks confirm a bearish pullback.
USD JPY, “US Dollar vs. Japanese Yen”
At the H4 chart of USD JPY, Engulfing Bearish pattern indicated a descending movement. The downside Window provides support. Three Line Break chart and Heiken Ashi candlesticks confirm a bearish direction.
RoboForex Analytical Department
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