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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 bullish “Hammer” at the last low. At the same time, we’ve got a “Shooting Star” at the local high, which indicates a possible downward correction. However, it might be just a local decline with a bullish candle pattern at the end. If so, it’s likely to see a continue of the current upward correction. As we can see on the daily chart, a “High Wave” has been confirmed, so it’s another reason to see the market higher.

EUR/USD: candlestick analysis

The “Window” has been broken and finally a “Harami” arrived at the last maximum. The last candles are bearish, so it’s likely that we’re going to see a decline towards the “Window”, which has been changed its role from a resistance into a support.

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