EURUSD, “Euro vs. US Dollar”
As we can see in the H4 chart, EURUSD has reached the resistance level and formed Harami, Engulfing, and Shooting Star reversal patterns. 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 close to the resistance level and forming Harami, Doji, and Hanging Man reversal patterns. Judging by the previous movements, at the moment it may be assumed that after completing this sideways movement 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.