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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: bulls supported by "Hammer"

EUR/USD: bulls supported by "Hammer"

There’s a correction under the nearest “Window”. Also, we’ve got a “Hammer” on the 34 Moving Average, which has been confirmed. Therefore, the market is likely going to test the “Window” once again. If we see a pullback from its upper side, there’ll be an opportunity to have an achievement of the 55 Moving Average. As we can see on the Daily chart, here’s a “Harami” under the closest “Window”, so bulls will probably try to reach the nearest resistance.

EUR/USD: bulls supported by "Hammer"

We’ve got an “Engulfing” and  a “Shooting Star” at the local high. In this case, it’s likely to see a support by the lower side of the “Window”. If a pullback from this level happens, bulls are likely going to deliver a local upward price movement.

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