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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: "Window" has been waiting for bears

EUR/USD: "Window" has been waiting for bears

There’s a “Harami” on the 89 Moving Average, which led to the current decline. The main bearish target is the nearest “Window”, which is almost reached. It’s likely possible to see bullish patterns on this “Window”. If so, the market is likely going to get a resistance on the 144 Moving Average. As we can see on the Daily chart, there’s a “Three Methods” pattern, so bears will likely try to deliver a new low, but an upward correction becomes possible afterwards.

EUR/USD: "Window" has been waiting for bears

We’ve got a “Harami” on the 55 Moving Average, which has been confirmed enough. At the same time, there’s an “Inverted Hammer” at the local low, which points to a possible upward correction. 

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