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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 broken the "Window"

EUR/USD: bears broken the "Window"

There’s a bearish price movement, which is taking place on the four-hours chart. Also, we’ve got a “Shooting Star”, a “Harami” and a “Doji”, which all have been confirmed. Therefore, the market is likely going to reach the nearest support line. As we can see on the Daily chart, there’s a bearish “Engulfing”, which has a confirmation, so the price is going to test the 34 Moving Average soon.

EUR/USD: bears broken the "Window"

We’ve got a “Three Methods” pattern on the nearest Moving Average line. Moreover, the price has broken the “Window”, so bears are likely going to move on in the short term.

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