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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: candlestick analysis

Galina Svetlova

EUR/USD: candlestick analysis

There’s a “Doji” at the last high. The “Tweezers” pattern's support is still actual and If bulls take over and the price starts rising from this level, then it's likely that the pair will continue the current up-trend. As we can see on the daily chart, here's a “Shooting Star” pattern and if it confirms, the correction is going to be deeper.

EUR/USD: candlestick analysis

The main trend on the one-hour chart is a bullish one and there’s a reversal “Engulfing Bearish” pattern at the last maximum. A “Three Methods” pattern was a trigger for more selling pressure. It’s likely that the “Three Methods” pattern will be used as a resistance level.

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