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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: the stroke of a "Hammer"

Galina Svetlova

EUR/USD: the stroke of a "Hammer"

There’re a “Shooting Star” and an “Engulfing”at the last high, which have been confirmed. The price reached the nearest “Window”, so in case of a possible pullback from here, it’ll be a chance to see an upward correction. As we can see on the Daily chart, candles at the last high look like a “Tower” pattern. So, the market is likely going to decline during the day.

EUR/USD: the stroke of a "Hammer"

The price has found a lodgement under the Moving Average lines. There's a “Hammer” on the nearest support line, but it hasn't confirmed yet. So, it’s possible to see a bullish correction towards the last “Three Methods” pattern in the short term.

EUR
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