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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: "Window" going to act as resistance

EUR/USD: "Window" going to act as resistance

There’s a bearish rally on the way, but we’ve got an “Engulfing” pattern at the last low. So, the price is likely going to reach the nearest resistance line in the short term. If a pullback from this level be on the table, there’ll be an opportunity to have another low. As we can see on the Daily chart, here isn’t any reversal pattern so far. Therefore, it’s likely to have one more test of the closest support line.

EUR/USD: "Window" going to act as resistance

The last “Three Methods” pattern led to a couple of new highs, but there’s an “Engulfing” pattern. If it confirms, the price is likely going to reach the nearest  “Window”, which could act as a resistance. If we see a pullback from this “Window”, there’ll be a chance to have a new low shortly.

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