Analysis for June 3rd, 2016
At the H4 chart of EUR USD, the sideways correction within the downtrend continues. Two Crows continuation pattern indicates a descending movement. The downside Window provides support. Three Line Break chart shows a bearish direction; Heiken Ashi candlesticks confirm a possible bullish pullback.
EUR USD, “Euro vs. US Dollar”
At the H1 chart of EUR USD, the upside Window provides support. Bullish Harami pattern indicates an ascending movement. Three Line Break chart shows a bearish direction; Heiken Ashi candlesticks confirm a bullish pullback.
USD JPY, “US Dollar vs. Japanese Yen”At the H4 chart of USD JPY, Engulfing Bearish, Gravestone Doji, and Tower patterns indicated a descending movement. Three Methods continuation pattern close to the Window shows that the bearish tendency may continue. Three Line Break chart and Heiken Ashi candlesticks confirm a bearish direction.
RoboForex Analytical Department
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