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: “Tweezers” turned into the correction

Galina Svetlova

EUR/USD: “Tweezers” came to the correction

There're a couple of bearish patterns at the last high such a “High Wave” and a “Tweezers”. The current correction is likely going to reach the nearest support line. As we can see on the Daily chart, here’s a “Harami”, but it hasn't confirmed yet. So, the upward movement is probably going to resume after the downward correction ends.

EUR/USD: “Tweezers” came to the correction

We’ve got a “Tweezers’, a “Shooting Star” and a “Harami”, which led to the current correction. It’s likely that we will see any kind of bullish pattern on the 34 Moving Average line. At the same time, after a local upward correction finishes, bears will probably taste the nearest support line.

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