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Japanese Candlesticks Analysis 06.07.2015 (EUR/USD, USD/JPY)

Analysis for July 6th, 2015

EUR USD, “Euro vs. US Dollar”

At the H4 chart of EUR USD, a bullish candlestick is closing the new descending Window. Three Line Break chart and Heiken Ashi candlesticks confirm an ascending movement; the Window in the middle is a resistance level.

The H1 chart of EUR USD shows a bearish tendency. Three Methods pattern indicates that an ascending correction continues. The lower Window provided support. Three Line Break chart shows a bearish movement; Heiken Ashi candlesticks confirm the correction.

USD JPY, “US Dollar vs. Japanese Yen”

The H4 chart of USD JPY shows a bearish tendency. The new descending Window is a resistance level. Three Line Break chart and Heiken Ashi candlesticks indicate a bearish movement.

RoboForex Analytical Department

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