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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: Moving Averages going to act as resistance

EUR/USD: Moving Averages going to act as resistance

We’ve got a confirmed “Doji” at the last low, which led to the current upward correction. Therefore, the market is likely going to test the 13 Moving Average in the short term. As we can see on the Daily chart, there isn’t any reversal pattern so far, which means bears will probably move on.

EUR/USD: Moving Averages going to act as resistance

There’s a bullish “Harami”, so the price is likely going to reach the nearest 34 Moving Average, which could act as a resistance. If a pullback from this line happens, there’ll be an opportunity to have another decline.

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