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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: resistance by "Window"

EUR/USD: resistance by "Window"

There’re a “Shooting Star” and a “Harami” at the local high, which both have been confirmed. So, the market is likely going to test a support by the last “Three Methods” pattern. If a pullback from this level happens, there’ll be an opportunity to have another upward movement. As we can see on the Daily chart, there isn’t any reversal pattern so far, which makes possible an achievement of the upper “Window”.

EUR/USD: resistance by "Window"

We’ve got a strong resistance by the “Window”, which led to form a “Doji” pattern with a confirmation. Therefore, the pair is likely going to reach the 34 Moving Average line during the day. However, if a pullback from this line happens, there’ll be an open door for bulls to deliver a new high.

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