Analysis for August 07th, 2014
EUR USD, “Euro vs US Dollar”
At H4 chart of EURUSD we possibly see descending trend, lower Window is providing support. Three-Line break indicates downtrend. Bullish engulfing pattern and Heiken Ashi candlesticks confirm ascending correctional move.
![](https://roboforex.com/uploads/roboforecast/roboforex_com/10/0708eurh4.png)
At H1 chart of EURUSD we see correctional move within descending trend, indicated by Morning Star formation. Three-Line break and Heiken Ashi confirm bullish destination.
![](https://roboforex.com/uploads/roboforecast/roboforex_com/41/0708eurh1.png)
USD JPY, “US Dollar vs Japanese Yen”
At H4 chart of USDJPY we can see decline. Three-Line break and Heiken Ashi candlesticks confirm descending trend, Hammer indicates ascending correctional move.
RoboForex Analycal Department