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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: "Engulfing" plays into the bearish hands

EUR/USD: "Engulfing" plays into the bearish hands

There’s a “Harami” at the last low, which entered the pair into a correction phase. So, the market is likely going to test the 89 Moving Average, which is strong enough to support bears. As we can see on the Daily chart, there’s a “High Wave”, but it requires a confirmation. Therefore, today’s candle is likely going to be black.

EUR/USD: "Engulfing" plays into the bearish hands

We’ve got an “Engulfing” on the 34 Moving Average, but it hasn't been confirmed yet. So, the current flat under the Moving Averages is likely going to move on.

EUR
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