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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: bulls try to catch hold of the "Hammer"

Galina Svetlova

EUR/USD: bulls try to catch hold of the "Hammer"

There’s a “Harami” at the last high, but it hasn't been confirmed yet. So, the current correction is likely going to reach the 21 Moving Average and the nearest support line. As we can see on the Daily chart, the main trend is a still bullish one, but we've got a strong “Tower” pattern at the last high. Considering an achievement of the previously tested resistance, there’s an opportunity to see an downward correction.

EUR/USD: bulls try to catch hold of the "Hammer"

We’ve got a “Tower” at the local high, but its confirmation isn't enough, because the price is moving in a range of the huge white candle. Under this circumstances, the current correction is likely going to be continued.

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