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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 “Morning Doji Star” at the last low. The price has been received a support on the “Window's” level. As we can see on the daily chart, here's an “Engulfing Bearish” pattern, which has been confirmed by the yesterday’s black candle.
It’s likely that a local upward movement is going to let the price go a little bit higher, but then the bears probably will try to increase a selling pressure.

EUR/USD: candlestick analysis

Let’s have a look at the EUR/USD one-hour chart. There’s  a “Hummer” and an “Inverted Hummer”, which have been formed on the “Window’s” support level. Considering the fact that the 89 Moving Average can act as a support line, it's likely to see the second test of the “Window’s” support level and a deeper upward correction from it.

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