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Japanese Candlesticks Analysis 04.07.2016 (EUR/USD, USD/JPY)

Analysis for July 4th, 2016

EUR USD, “Euro vs. US Dollar”

The H4 chart of EUR USD shows the correction within the Window in the middle. The upside border of the Window provided resistance again. Doji pattern, Three Line Break chart, and Heiken Ashi candlesticks confirm a bearish direction.

At the H1 chart of EUR USD, Engulfing Bearish pattern near the upside Window (a resistance level) shows a descending movement. Three Line Break chart and Heiken Ashi candlesticks confirm a bearish direction. 

USD JPY, “US Dollar vs. Japanese Yen”

At the H4 chart of USD JPY, the sideways correction within the downtrend continues. Three Line Break chart and bearish Doji pattern show a descending movement; Heiken Ashi candlesticks confirm a bullish pullback.

RoboForex Analytical Department

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