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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: "Harami" points to local correction

EUR/USD: "Harami" points to local correction

We’ve got a couple of bullish “Hammers” at the local lows. However, it’s likely to have a local bearish correction in the short term. If we see a pullback from the nearest support line, there’ll be an opportunity to have another upward price movement. As we can see on the Daily chart, yesterday’s candle has a huge shadow, so bulls are likely going to move on.

EUR/USD: "Harami" points to local correction

There’s a bearish “Hammer” at the local high, but this pattern hasn’t been confirmed yet. Therefore, the market is likely going to test the closest support line during the day.

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