EURUSD, “Euro vs. US Dollar”
As we can see in the H4 chart, EURUSD has completed a slight pullback at the support level and formed Hammer, Inverted Hammer, and Harami reversal patterns. Judging by the previous movements, at the moment it may be assumed that after testing the level, the instrument may resume moving to the upside.
USDJPY, “US Dollar vs. Japanese Yen”
As we can see in the H4 chart, USDJPY is still trading sideways close to the resistance level and forming Doji, Engulfing, and Harami reversal patterns. Judging by the previous movements, at the moment it may be assumed that after completing its sideways movement the instrument may continue its ascending 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.