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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: "window" played into buyers hands

Galina Svetlova

EUR/USD: "window" played into buyers hands

The really strong “Window” has acted as a support, which led to a “Harami” pattern, so we’ve got an upward rally. The last candles are bullish and there aren’t any reversal patterns. It’s likely that the market is going to be higher. As we can see on the Daily chart, yesterday a “Three Methods” pattern was finally ended, so the upward movement will probably go on until any bearish pattern arrives.

EUR/USD: "window" played into buyers hands

The current rally started after a “Doji” was formed on the 89 Moving Average line, which acted as a strong support. The last candles are bullish and we don't have any reversal patterns so far. Despite of a possible downward correction, the market is likely going to be higher in the short term.

EUR
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