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Galina has been using the Japanese Candlesticks in trading since 2004. Meanwhile, she has wrote dozens of articles about these patterns, because nowadays it's possible to see a lot of things that couldn't be discovered in the good old days. Everyday Galina share her expert opinion about EUR/USD and USD/JPY on the fxBazooka.com.

EUR/USD: "Tweezers" reversed the local trend

We’ve got a lot of bearish patterns at the local high such as a “Harami”, a “Two Crows” and a “Tweezers”. So, the price is declining, but there’s also an opportunity to have a local bullish correction. Nevertheless, bears are likely going to push the market lower towards the nearest “Window”. As we can see on the Daily chart, there’s a possible bearish pattern at the local high, but it hasn’t finished yet. Therefore, if this pattern confirms, sellers will probably try to return into the market.

EUR/USD: "Tweezers" reversed the local trend

There’re a “Hanging Man” and a “Shooting Star” at the last high. Moreover, we’ve got a “Tweezers”, which has been confirmed enough. Therefore, the pair is likely going to get a support on the 89 Moving Average in the short term. 

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