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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: "Harami" points to a possible new low

EUR/USD: "Harami" points to a possible new low

We’ve got a “Doji” and a “High Wave” at the last high, which both have been confirmed. Therefore, the market is likely going to test the nearest “Window” once again. If we see a pullback from this level, there’ll be an opportunity to have another upward price movement. As we can see on the Daily chart, the pair has been declining since a “Harami” was formed at the last high. So, it’s likely that we’re going to see the second test of the closest support line.

EUR/USD: "Harami" points to a possible new low

There’re a “High Wave” and a “Long Shadow” patterns, which all have a confirmation. Moreover, there’s a resistance by the 55 Moving Average, so the market is likely going to reach the next support line.

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