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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" points to a possible bearish correction

EUR/USD: "Tweezers" points to a possible bearish correction

There’s a “Hammer” at the local low, which has been confirmed enough. However, we’ve got a “Harami” at the last high, so the market is likely going to test the nearest support line. If we see a pullback from this level, there’ll be an opportunity to have a bullish price movement towards the upper “Window”. As we can see on the Daily chart, there’re a “Harami”, a “Hammer” and an “Inverted Hammer” at the local low. Under this circumstances, bulls are likely going to achieve the nearest “Window” in the short term.

EUR/USD: "Tweezers" points to a possible bearish correction

The pair has been rising since a “Tweezers” formed at the last low. At the same time, we’ve got a “Doji”, a “Shooting Star” and a “Tweezers” at the local highs, so bears are likely going to test the 21 Moving Average during the day.

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