EUR/USD (A 4-HOUR CHART)
General review
EURUSD, slightly weakened, after a positive start of today trading, amid a mixed statistics for the euro area.
Current situation
On H4 chart, there is reversal candle pattern, appeared after pair pulled back to the key level 1.1320 area.
Trading recommendations
Middle term upward trend is still in the game. As the closest resistance level is the area of 1.1461. However, in the current situation of uncertainty we remain out of the market.
USD/JPY (A 4-HOUR CHART)
General review
Business activity index in Japan manufacturing sector in August increased to 49.6 against 49.3 in July. During the Asian session, the pair USD / JPY, continued to drop.
Current situation
The pair remains within the range we marked 99.91-101.78. We expect the market will again rebound from the bottom level of the range of 99.91 and to pull back at least to the balance area of 100.30.
Trading recommendations
At the same time we note that the probability increased that USDJPY will trade below 99.70-99.90 support minimum, to renew local minimums.
Ref 1 - EquityProfitSingapore
Ref 2 - fortfs
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