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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: "Three Methods" pushed price lower

EUR/USD: "Three Methods" pushed price lower

There’re a “Harami” and a “Doji” at the local high, which both have been confirmed. So, it’s likely to see another test of the 89 Moving Average in the short term. If a pullback from this line happens, bulls will probably try to reach the nearest resistance. As we see on the Daily chart, the last candle have been closed under the middle of the previously formed huge white candle, which is a strong bullish sign. So, if we see a pullback from the closest support, there’ll be an opportunity to have another upward movement.

EUR/USD: "Three Methods" pushed price lower

We’ve got a consolidation, which brought a “Shooting Star” at the local high. Also, there’s a bearish “Three Methods” pattern. Therefore, the market is likely going to test the nearest support line once again.

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