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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: new "Window" came to hand

EUR/USD: new "Window" came to hand

The price found a lodgement under the Moving Averages, but the last bullish “Meeting Lines” pattern hasn’t been confirmed, so bears are likely going to move on towards the nearest support line. As we can see on the Daily chart, the pair achieved the 89 Moving Average, so it’s likely to see a bullish candle today. If so, bulls will probably try to deliver a local correction.

EUR/USD: new "Window" came to hand

We’ve got a new “Window”, which has been closed by the recent candles. Also, there’s an “Engulfing” pattern, but we’ve got a local “Harami” at the last low. This pattern is unconfirmed, so after a local correction, the market is likely going to achieve the nearest support line.

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