EURUSD, “Euro vs. US Dollar”
As we can see in the H4 chart, EURUSD is trading downwards; by now, it has broken the resistance level and formed Harami reversal pattern close to 1.1346. Right now, the pair is reversing and may fall down to 1.1220. However, one shouldn’t exclude a possibility that the price may break the closest high and continue its growth to reach 1.1430.
USDJPY, “US Dollar vs. Japanese Yen”
As we can see in the H4 chart, USDJPY is trading downwards. While testing the support level, the pair formed another Harami reversal pattern. Right now, the instrument is reversing and moving towards 109.75. However, one shouldn’t exclude another scenario, according to which the price may return to the support level at 107.90.
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.