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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’re a “Three Methods” at the last low and a strong support by the “Window”, which are likely going to be broken by the downward movement. As we can see on the daily chart, there aren’t any reversal patterns so far. Although we’ve got a “Hummer”, but it needs a confirmation.

EUR/USD: candlestick analysis

We’ve got a “Window” and a “Three Methods” on the one-hour chart, which were arrived after a “Engulfing Bearish” pattern had been formed. The last candles are bearish and it’s likely to see a new “Three Methods” pattern soon. As far as we haven’t got any reversal patterns, there’s a serious possibility for more selling pressure.

EUR
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