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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: "Window" waiting for price

EUR/USD: "Window" waiting for price

There’re a “Doji”, a “High Wave” and a “Tower” on the 34 and 55 Moving Averages. However, we’ve got a “Hammer” at the local low, which has been confirmed, so the price is likely going to test 89 Moving Average once again. If a pullback from this line happens, there’ll be a chance to see an upward movement. As we can see on the Daily chart, there’s a consolidation and we’ve got a “Harami” and a “Hammer”, but their confirmation has been canceled  by the last “Engulfing” pattern. In this case, the market is likely going to test the nearest Moving Averages again.

EUR/USD: "Window" waiting for price

The price hasn’t find a lodgement above the 89 Moving Average, so we’ve got an “Inverted Hammer”, which has been confirmed. Under this circumstances, bulls are likely going to reach the 89 Moving Average, but if we see a pullback from this line, a downward movement will be on the table.

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