- Aug 6, 2019
Japanese Candlesticks Analysis 29.01.2021 (EURUSD, USDJPY, EURGBP)
EURUSD, “Euro vs. US Dollar”
As we can see in the H4 chart, the descending tendency continues. Right now, after forming several reversal patterns, such as Engulfing, close to the resistance level, EURUSD is reversing. In this case, the correctional target remains at 1.2020. After that, the pair may rebound from the support level and resume trading upwards to reach the channel’s upside border. However, an alternative scenario implies that the price may start a new growth to reach 1.2175 without testing 1.2020.
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