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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 “Window”, which acts like a resistance. Previously, a “High Wave” pattern was formed on this “Window” area. It’s likely that firstly the price will go to a local correction, but then bulls might come back to the market and will try to achieve the upper “Window”. As we can see on the daily chart, here’s a “Deliberation” pattern, but it hasn't been confirmed yet. So, the current correction has a reason to go on until we’ve got any bearish reversal pattern.

EUR/USD: candlestick analysis

The upward trend become stronger since the last “Window” has been closed by several bullish candles. It’s possible to see a bearish “Harami” and a local correction towards the “Window”. The rise is likely going to resume afterwards.

EUR
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