EURUSD, “Euro vs. US Dollar”
As we can see in the H4 chart, EURUSD is testing the resistance level once again and forming Shooting Star, Harami, and Engulfing reversal patterns. Judging by the previous movements, at the moment it may be assumed that after finishing the correction the instrument may continue moving to the upside.
USDJPY, “US Dollar vs. Japanese Yen”
As we can see in the H4 chart, USDJPY has completed another correction from the support level; right now, it is forming Doji, Shooting Star, and Hanging Man reversal patterns. Judging by the previous movements, at the moment it may be assumed that after completing the pullback 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.