Analysis for June 29th, 2016
EUR USD, “Euro vs. US Dollar”
At the H4 chart of EUR USD, the closest Windows are support/resistance levels. Bullish Harami and Doji patterns indicated that the ascending correction continues. Three Line Break chart shows a bearish direction; Heiken Ashi candlesticks confirm an ascending movement.
The H1 chart of EUR USD shows a sideways correction within the Window in the middle. The downside Window provided support. 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, bullish Harami pattern indicates that the sideways correction within the downtrend continues. Three Line Break chart and Heiken Ashi candlesticks shows a bearish direction to confirm a descending movement.
RoboForex Analytical Department
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