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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

The market has been declining since a reversal “Shooting Star” was formed at the last high. It’s likely that the price is going to achieve an area between the “Window” and Moving Average lines. There's a “Harami” on the Daily chart, so bears are probably in a way to the nearest support line.

EUR/USD: candlestick analysis

As we can see on the one-hour chart, there’re some bearish patterns like a “Tweezers”, a “Tower” and an “Engulfing Bearish”. The last candles are also bearish, so the current downward movement is likely going to Moving Average lines.

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