Analysis for July 26th, 2016
EUR USD, “Euro vs. US Dollar”
At the H4 chart of EUR USD, Engulfing Bullish and Tweezers pattern indicate that the correction within the downtrend continues. The downside Window is a resistance level. Three Line Break chart shows a bearish direction; Heiken Ashi candlesticks confirm that the correction continues.
At the H1 chart of EUR USD, Three Methods continuation pattern showed a bullish movement. The Window in the middle provides resistance. Three Line Break chart indicates a bearish direction; Heiken Ashi candlesticks confirm the correction.
USD JPY, “US Dollar vs. Japanese Yen”
At the H4 chart of USD JPY, bearish Harami patterns indicated a descending correction. The downside Window provides support. Three Line Break chart and Heiken Ashi candlesticks confirm a bearish direction.
RoboForex Analytical Department
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