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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: consolidation going to continue

EUR/USD: consolidation going to continue

There’s a consolidation above the 55 Moving Average. Also, we’ve got a bullish “Harami” at the local low, so the market is likely going to test the nearest resistance once again. If we see a pullback from this level, there’ll be an opportunity to have another decline. As we can see on the Daily chart, here’s a “Shooting Star”, which has been confirmed. Under this circumstances, bears are likely going to reach the 34 Moving Average.

EUR/USD: consolidation going to continue

We’ve got a strong resistance by the 21 and 55 Moving Averages. Moreover, there’s a “Hammer” at the local low, but its confirmation is a quite weak. Therefore, the pair is likely going to test the nearest support for the second time, which could turn out to rise towards the closest resistance. If we see a pullback from this level, there’ll be an open door for an achievement of the lower “Window”.

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