EURUSD, “Euro vs. US Dollar”
As we can see in the H4 chart, EURUSD is trading close to the support level and forming Inverted Hammer reversal pattern. Judging by the previous movements, at the moment it may be assumed that after finishing another pullback the instrument may continue moving to the upside.
USDJPY, “US Dollar vs. Japanese Yen”
As we can see in the H4 chart, USDJPY is still trading near the resistance level and forming Harami and Hanging Man reversal patterns. Judging by the previous movements, at the moment it may be assumed that after completing this correction the instrument may continue its descending tendency.
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.