1. EUR/USD
As we can see in the H4 chart, the ascending tendency continues. After breaking the channel’s border and forming a "Shooting Star" pattern not far from the resistance level, EUR/USD has started reversing. Considering the current bullish dynamics, the price may form a slight pullback and then resume trading upwards to reach the resistance level at 1.1616. At the same time, an alternative scenario implies that the instrument may continue falling to return to 1.1450.
2. USD/JPY
As we can see in the H4 chart, after forming another "Hammer" pattern not far from the support area, USD/JPY has started reversing. It’s been the third "Hammer" pattern near the support level so far. The current situation implies that after a slight correction the market may rebound towards the resistance level at 107.37. Still, there is an opposite scenario, which says that the instrument may fall and return to 106.40.
3. EUR/GBP
As we can see in the H4 chart, the pair is moving inside the rising channel again. By now, after finishing an "Inverted Hammer" pattern, EUR/GBP is reversing. The upside target is at 0.9150. Later, the price may continue moving upwards to update the highs. However, there might be another scenario, according to which the asset may fall and return to the support level at 0.9010 before starting a new growth.
Disclaimer: Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.