Analysis for March 25th, 2016
EUR USD, “Euro vs. US Dollar”
At the H4 chart of EUR USD, the Window in the middle provides support. Bearish Tweezers pattern indicated a descending correction. Three Line Break chart and Heiken Ashi candlesticks confirm the bearish correction continues.
The H1 chart of EUR USD shows a sideways correction. The upside Window provides support. Three Line Break chart and Heiken Ashi candlesticks confirm a bullish direction. High Wave and Harami patterns show a possible bullish pullback away from the upside Window.
USD JPY, “US Dollar vs. Japanese Yen”
The H4 chart of USD JPY shows an ascending correction within the downtrend. Three Methods continuation pattern indicates a bullish movement. The closest Window is broken, now it’s a support level. Three Line Break chart and Heiken Ashi candlesticks confirm a bullish direction.
RoboForex Analytical Department
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