Analysis for June 25th, 2014
EUR USD, “Euro vs US Dollar”
At H4 chart of EURUSD we see sideways correctional phase after Harami. Three-Line break indicates downtrend, Heiken Ashi candlesticks and bullish Harami indicate correction to this downtrend.
At H1 chart of EURUSD upper Window is considered to be a resistance area, medium Window can provide support. Three-Line break chart and Heiken Ashi candlesticks confirm bearish destination.
USD JPY, “US Dollar vs Japanese Yen”
H4 chart of USDJPY indicates sideways action, candlestick patterns are ambiguous. Three-line break and Heiken Ashi candlesticks confirm descending trend.
At H1 chart, lower Window can provide support. Three-Line break and Heiken Ashi candlesticks confirm ascending trend.RoboForex Analytical Department