Analysis for June 27th, 2016
EUR USD, “Euro vs. US Dollar”
The H4 chart of EUR USD shows a correction. Bullish Harami and Doji patterns indicate that the ascending correction continues. Three Line Break chart and Heiken Ashi candlesticks confirm a bearish direction.
At the H1 chart of EUR USD, the downside Window provides support. The Window in the middle provides resistance. Doji pattern indicates a possible bullish pullback. Three Line Break chart shows a bearish tendency; Heiken Ashi candlesticks confirm an ascending movement.
USD JPY, “US Dollar vs. Japanese Yen”
At the H4 chart of USD JPY, bullish Harami pattern indicates a sideways correction within the downtrend. Three Line Break chart and Heiken Ashi candlesticks confirm a bearish direction.
RoboForex Analytical Department
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