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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: bears going to test "Window" once again

EUR/USD: bears going to test "Window" once again

There’s a consolidation on the Moving Averages, so we’ve got a “Shooting Star” and a “Harami” patterns, which both have been confirmed. Therefore, the market is likely going to reach the nearest support line, which could reverse the price movement into an upward direction. As we can see on the Daily chart, here’s an “Engulfing” at the local high, but its confirmation is a quite weak. So, if the price gets a support on the 34 Moving Average, there’ll be an opportunity to have another bullish rally.

EUR/USD: bears going to test "Window" once again

The lower “Window” has been acted as a strong support, but we’ve got a “Harami” at the last high. Considering a confirmation of this pattern, it’s likely that bears going to test the “Window” once again in the short term.

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