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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: bulls going to break local high

EUR/USD: bulls going to break local high

There’s a “Hammer” at the local low, which has been strongly confirmed. So, the price is likely going to get a support on the nearest Moving Averages. If a pullback from this lines happens, there’ll be an opportunity to have another upward movement. As we can see on the Daily chart, here’s a support by 34 & 89 Moving Averages. Considering the huge shadow of Friday’s candle, bulls are likely going to reach the nearest resistance line.

EUR/USD: bulls going to break local high

We’ve got an “Engulfing” at the last low. Meanwhile, the 21 Moving Average has acted as a support, so we’ve got a pullback from this line. Under this circumstances, the market is likely going to test Friday’s high.

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