Analysis for May 25th, 2016
EUR USD, “Euro vs. US Dollar”
At the H4 chart of EUR USD, the bearish tendency continues. The downside Window provides support. Three Line Break chart and Heiken Ashi candlesticks confirm a bearish direction.
At the H1 chart of EUR USD, bearish Harami pattern indicates a possible resistance from the Window in the middle and a bearish pullback. Bullish Tweezers pattern shows an ascending correction. Three Line Break chart and Heiken Ashi candlesticks confirm a bullish direction.
USD JPY, “US Dollar vs. Japanese Yen”
At the H4 chart of USD JPY, bearish Tweezers pattern indicates a descending movement. Three Line Break chart shows a bullish direction; Heiken Ashi candlesticks confirm a bearish pullback towards the support area.
RoboForex Analytical Department
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