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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" acted as a resistance

EUR/USD: "Window" acted as a resistance

There’s a bullish “Tweezers” pattern at the local low, which has been confirmed enough. Also, we’ve got a possible “Three Methods” pattern, but it hasn’t been finished yet. Therefore, the market is likely going to test the 34 and 55 Moving Averages. If a pullback from these lines happens, there’ll be an opportunity to have another decline. As we can see on the Daily chart, the price reached the nearest resistance, but there isn’t any reversal pattern so far, which means bears are free to push the market even lower.

EUR/USD: "Window" acted as a resistance

We’ve got an upward correction in progress. Previously, an “Inverted Hammer” and a “Tweezers” patterns have been formed. If the nearest “Window” acts as a resistance, then the price is likely going to test the closest support.

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