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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 reached support level

EUR/USD: bears reached support level

There’s a bearish price movement, which is taking place on the four-hours chart. We’ve got a “Doji” at the last high, which has been confirmed, so the market is likely going to continue falling down towards the nearest “Window”. As we can see on the Daily chart, the 34 & 89 Moving Average line have been broken, so bears will likely going to move on.

EUR/USD: bears reached support level

The price came back to the previously tested support level. We haven’t got any reversal patterns so far, but if we see any bullish model, there’ll be an opportunity to have an upward correction. 

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