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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: "Hammer" frightened bears away

EUR/USD: "Hammer" frightened bears away

The price has tested the nearest resistance twice, so the pair achieved the 89 Moving Average afterwards. It's likely that the market is going to reach the 144 Moving Average, which could bring any bullish pattern. As we can see on the Daily chart, there's a bearish “Harami”, so today’s candle is likely going to be black.

EUR/USD: "Hammer" frightened bears away

The price found a lodgement under the last “Window”. Also, we’ve got a “Hammer” at the local low, which points to a possible upwards correction. At the same time, bears still have enough power to continue their rally afterwards.

EUR
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