Article By RoboForex.com
EUR USD, “Euro vs US Dollar”
At the H4 chart of EUR USD, a correction within the downtrend continues. The closest Window is a support level. The price may face resistance from Moving Average 55. Three Line Break chart and Heiken Ashi candlesticks confirm descending movement.
The H1 chart of EUR USD shows a bullish tendency, which continued after Doji pattern. Three Line Break chart confirms an ascending tendency; Harami pattern and Heiken Ashi candlesticks confirm a bearish pullback from the resistance area towards support from Moving Average 55.
The H4 chart of USD JPY shows a correction within the uptrend, which is indicated by Engulfing Bearish pattern. A small upper Window is a support level. Three Line Break chart indicates the uptrend; Heiken Ashi candlesticks confirm a descending correction.
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