EURUSD, “Euro vs. US Dollar”
As we can see in the H4 chart, after growing towards the resistance level and forming a Shooting Star pattern, EURUSD is reversing. The downside target is at 1.1075. We may assume that after a slight correction the price may continue growing towards 1.1160.
USDJPY, “US Dollar vs. Japanese Yen”
As we can see in the H4 chart, USDJPY is growing to reach the resistance level again. The current situation implies that the market may break the resistance level and continue moving upwards. In this case, the upside target remains at 108.40. However, there might be another scenario according to which the instrument may fall and return to 107.50.
EURGBP, “Euro vs. Great Britain Pound”
As we can see in the H4 chart, after testing the resistance level and forming a Harami pattern, EURGBP is reversing. The downside target is at 0.8865. After that, the instrument may rebound from the support level and resume the ascending tendency. In this case, the upside target may be at 0.9050.
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboMarkets bears no responsibility for trading results based on trading opinions described in these analytical reviews.
The material presented and the information contained herein is intended for our customers, and is for information purposes only and in no way should be considered as the provision of investment advice for the purposes of Investment Firms Law L. 87(I)/2017 of the Republic of Cyprus or any other form of personal advice or recommendation, which relates to certain types of transactions with certain types of financial instruments.