EURUSD, “Euro vs. US Dollar”
As we can see in the H4 chart, the descending channel continues. Right now, EURUSD is still reversing after forming Shooting Star reversal pattern. Later, the price may complete a slight correction and fall to reach 1.0852. However, one shouldn’t exclude a possibility that the price may resume growing towards 1.1022.
USDJPY, “US Dollar vs. Japanese Yen”
As we can see in the H4 chart, the pair continues trading upwards. Right now, USDJPY is reversing after forming Long-Legged Doji reversal pattern. In the future, after a slight pullback, the price may continue growing to reach 108.55. However, we shouldn’t ignore a possibility that the instrument may continue its decline to reach 107.00.
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.