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Japanese Candlesticks Analysis 09.06.2015 (EUR/USD, USD/JPY)

Analysis for June 9th, 2015

EUR USD, “Euro vs. US Dollar”

At the H4 chart of EUR USD, the closest Window provides support. Three Line Break chart indicates a bearish tendency; Heiken Ashi candlesticks confirm a bullish movement. If the pair starts forming Engulfing Bearish pattern, there might be a pullback towards the Window.

The H1 chart of EUR USD shows a descending correction, which started after Engulfing Bearish pattern. The upper Window provides support. Three Line Break chart and Heiken Ashi candlesticks confirm a bearish movement.

USD JPY, “US Dollar vs. Japanese Yen”

The H4 chart of USD JPY shows the uptrend. High Wave and Harami patterns indicate a descending correction. Three Line Break chart shows an ascending movement; Heiken Ashi candlesticks confirm the correction.

RoboForex Analytical Department

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