Analysis for August 05th, 2014
EUR USD, “Euro vs US Dollar”
H4 chart of EURUSD we possibly see correctional phase within bearish trend, indicated by the «Morning star» formation. Three-Line break shows ascending correctional phase. Three-methods and Heiken Ashi candlesticks confirm bearish destination.
![](https://roboforex.com/uploads/roboforecast/roboforex_com/35/0508eurh4.png)
USD JPY, “US Dollar vs Japanese Yen”
H4 chart of USDJPY indicates correction after ascending trend, indicated by the bearish Harami, Doji and Tower. Three-Line break indicates ascending trend, Heiken Ashi confirm continuation of the correctional move to the downside.
RoboForex Analytical Department