The H4 chart of EUR USD shows a correction within the downtrend. Bearish Harami pattern, Three Line Break chart, and Heiken Ashi candlesticks confirm a bearish movement.
The H1 chart of EUR USD shows a sideways correction within the uptrend. Engulfing Bullish and Belt Hold pattern, along with Three Line Break and Heiken Ashi candlesticks confirm a bullish movement.
USD JPY, “US Dollar vs Japanese Yen”
The H4 chart of USD JPY shows an ascending movement, which is indicated by bullish Tower pattern. Three Line Break chart, Heiken Ashi candlesticks, and a new upside Window confirm a bullish movement; the upper Window is a resistance level.
December 6, 2016 What will happen with the euro after the ECB meeting
Morgan Stanley strategists believe that the ECB will keep rates on hold at this week’s meeting, but can expand its QE purchase program. But they consider different scenarios with various responses from the euro...
December 6, 2016 Euro shrugs off Italian referendum results rallying to a 2-week high
The single currency opened Monday on a bearish note but managed to pare losses as investors brushed aside the Italian referendum results. EURUSD closed at a 2-week high right near the resistance level of 1.0765 as noted in yesterday's commentary...
December 6, 2016 Financial markets gripped by Monday jitters
Risk aversion intensified during early trading on Monday following reports of Italian Prime Minister Matteo Renzi experiencing a crushing defeat in the referendum on constitutional reforms which sparked concerns of renewed political instability in Europe...
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