Analysis for February 2nd, 2015
The H4 chart of EUR USD shows a sideways correction within the downtrend. The small lower Window is a support level. Three Line Break chart and Heiken Ashi candlesticks confirm a bullish movement.
EUR USD, “Euro vs. US Dollar”
At the H1 chart of EUR USD, a correction within the downtrend continues. Three Line Break chart and Heiken Ashi candlesticks indicate a bullish movement; the small new Window is a support level.
USD JPY, “US Dollar vs. Japanese Yen”At the H4 chart of USD JPY, the closest Window is still a resistance level. Three Line Break chart indicates the downtrend; bullish Belt Hold pattern and Heiken Ashi candlesticks confirm an ascending movement.
RoboForex Analytical Department
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