By: RoboForex.com
EURUSD, “Euro vs US Dollar”
EURUSD formed the Harami reversal on H4 close to resistance. Now, the instrument can go by a reversal in a wave of descending. The correction could target 1.0935. The pair may reach 1.1040 without having to test the support.
USDJPY, “US Dollar vs Japanese Yen”
On H4, a Hammer pattern has been formed. Now, the instrument is following a reversal pattern in an ascending wave. The target of the rise could be 134.10. Price may correct to 132.70 but then resume the upward trend after retracing.
EURGBP, “Euro vs Great Britain Pound”
EURGBP on H4 has formed a Shooting Star reverse pattern. At the moment, the instrument has a descending wave of reversal. The support level of 0.8770 could be the target for the downward trend. The price may continue to decline if it breaks the support. Quotes may rise to 0.8815 and then fall.
Article By RoboForex.com
Attention!
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex LP does not take responsibility for trading…
