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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 achieve support

EUR/USD: bears going to achieve support

The 55 & 34 Moving Averages acted as a resistance, so we’ve got a “Harami” and a “Two Crows” at the local high. In this case, the market is likely going to decline towards the nearest support line. As we can see on the Daily chart, there’s a resistance by the 13 Moving Average. Therefore, bears are likely going to move on after a local upward correction.

EUR/USD: bears going to achieve support

There’s a bearish correction in progress. We’ve got a bearish “Engulfing” at the local high, which has been confirmed by the last “Three Methods” pattern. So, the price is likely going to test nearest support line. If we see a pullback from this level, there’ll be an opportunity to have another upward movement.

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