EUR/USD
As we can see in the H4 chart, the uptrend continues but is slowing down a little bit. By now, after forming a "Hammer" pattern not far from the support level, EUR/USD is still reversing. Considering the current bullish dynamics, the price may continue trading upwards to reach the next resistance level at 1.1945. At the same time, an alternative scenario implies that the instrument may continue falling to return to 1.1755.
USD/JPY
As we can see in the H4 chart, after forming a "Hammer" pattern not far from the support level, USD/JPY is expected to reverse and form a slight correction. The upside target may be close to the resistance area at 107.00. Still, there is an opposite scenario, which says that the instrument may return to the support level at 105.46.
EUR/GBP
As we can see in the H4 chart, the pair is once again testing the support level. After finishing several reversal patterns, including "Harami", EUR/GBP has started reversing. The upside target is at 0.9045. Later, the price may continue moving upwards. However, there might be another scenario, according to which the asset may fall to return to 0.8950 without reversing.
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.