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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" stopped the bearish rally

Galina Svetlova

EUR/USD: "window" stopped the bearish rally

There’s a “Three Methods” pattern at the last low, but it’s very likely to see a support on the upper side of nearest “Window” and the 55 Moving Average line. As we can see on the Daily chart, the last candles are bearish. Previously, a «Harami» and a «Three Black Crows» have been formed at the local high. So, the downward movement is likely going to be deeper until any bullish pattern forms.

EUR/USD: "window" stopped the bearish rally

We’ve got a bearish movement on the one-hour chart. The price has been declining under the Moving Average lines and reached the nearest “Window”, which can act as a support and bring any kind of bullish pattern. Therefore, the market is likely going to achieve the Moving Average, but if we see a pullback from any of these lines, then bears will have a chance to taste the “Window” once again.

EUR
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