Analysis for May 27th, 2016
EUR USD, “Euro vs. US Dollar”
At the H4 chart of EUR USD, Engulfing Bearish pattern shows a descending movement. The downside Window provides support. Three Line Break chart indicates that the ascending correction may move higher; Heiken Ashi candlesticks confirm a bearish direction.
At the H1 chart of EUR USD, Shooting Star patterns indicate a descending movement. There might be bullish pattern in the support area. Three Line Break chart shows a bullish direction; Heiken Ashi candlesticks confirm a descending movement.
USD JPY, “US Dollar vs. Japanese Yen”
At the H4 chart of USD JPY, the sideways tendency continues. Engulfing Bearish pattern indicates a descending movement. Three Line Break chart and Heiken Ashi candlesticks confirm a bearish direction.
RoboForex Analytical Department
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