Analysis for June 28th, 2016
EUR USD, “Euro vs. US Dollar”
At the H4 chart of EUR USD, the closest Window is a resistance level. Bullish Harami and Doji patterns indicate the ascending correction. Three Line Break chart shows a bearish direction; Heiken Ashi candlesticks confirm an ascending movement.
At the H1 chart of EUR USD, the downside Window provided support. Engulfing Bullish, Doji, and Tweezers patterns indicated an ascending movement. Three Line Break chart shows a bearish direction; Heiken Ashi candlesticks confirm that the ascending correction continues.
USD JPY, “US Dollar vs. Japanese Yen”
At the H4 chart of USD JPY, the sideways correction within the downtrend continues. Bullish Harami pattern indicates an ascending movement. Three Line Break chart shows a bearish direction; Heiken Ashi candlesticks confirm a bullish pullback towards the downside Window.
RoboForex Analytical Department
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