Analysis for June 30th, 2015
EUR USD, “Euro vs. US Dollar”
As we can see at the H4 chart of EUR USD, the price has closed the new descending Window, which now provides support. Three Line Break chart shows a bullish movement; Shooting Star and Engulfing Bearish patterns, along with Heiken Ashi candlesticks, confirm a bearish pullback.
At the H1 chart of EUR USD, the upper Window is a resistance level. The new Window provides support. Three Line Break chart and Heiken Ashi candlesticks indicate a bearish movement.
USD JPY, “US Dollar vs. Japanese Yen”
At the H4 chart of USD JPY, we can see that the new descending Window is still open. Belt Hold pattern indicates a bullish pullback; Three Line Break and Heiken Ashi candlesticks confirm a bearish movement.
RoboForex Analytical Department