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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: "Harami" led to a local correction

EUR/USD: "Harami" led to a local correction

There's a “Harami” on the 144 Moving Agerage, so an upward correction becomes possible. If the price gets a support on the 89 Moving Agerage, there’ll be an opportunity to see a decline towards the nearest “Window”. As we can see on the Daily chart, the pair reached the 21 Moving Agerage, but we haven’t got any reversal patterns so far. Under this circumstances, today’s candle is likely going to be black.

EUR/USD: "Harami" led to a local correction

We’ve got a “Hammer” and a “Doji” near the last “Window”, which both have been confirmed enough. So, the price is likely going to test the “Window” once again. If a pullback appears afterwards, bulls will likely try to move on.

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