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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: bears faced a "harami"

Galina Svetlova

EUR/USD: bears faced a "harami"

The price finally got a support on the nearest “Window”, which led to form a “Tweezers” pattern afterwards. There’s a “Shooting Star” at the last high, so the market is likely going to be lower.  As we can see on the Daily chart, here’s an “Engulfing Bullish” pattern, so the local upward correction has a reason to be continued.

EUR/USD: bears faced a "harami"

The pair reached a support by the “Window” and tasted the upper resistance afterwards, so now the market backed to the range. We’ve got a “Harami” at the local high and the following “Three Method” pattern, which confirms the possibility of further declining. It’s likely that the price is going to reach the nearest “Window” once again.

EUR
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