As we can see in the H4 chart, the rising tendency continues. After completing the pullback and then forming a “Hammer pattern”, is reversing. The next upside target may be the resistance area at 1945.00. At the same time, an opposite scenario implies that the price may form another correction with the target at 1888.00 before resuming the uptrend.



As we can see in the H4 chart, the rising movement continues. After forming an “Engulfing” pattern close to the horizontal support level, may reverse and then resume moving upwards. The next upside target may be the channel’s upside border at 0.6710. Still, an alternative scenario says that the pair may continue trading downwards to reach the support level at 0.6515.



As we can see in the H4 chart, the uptrend continues. By now, has formed several reversal patterns, such as “Hammer”, not far from the support area. At the moment, the pair is still reversing and may later grow to reach the target at 1.3135. However, there might be another scenario, according to which the price may start a new pullback towards 1.2866 before resuming its 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.

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