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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: bears haven't given up after the "Engulfing Bullish" arrived

EUR/USD: bears haven't gave up after the "Engulfing Bullish" arrived

There’re a bearish “Three Methods” and a bullish “Harami”, which both haven’t been confirmed yet. So, the market is likely going to get a support on the next “Window” in the short term. As we can see on the Daily chart, here’s a “High Wave”, but it requires a confirmation. Therefore, today the price is likely going to test the Moving Averages once again, where we will probably see a bullish pattern.

EUR/USD: bears haven't gave up after the "Engulfing Bullish" arrived

The main trend remains bearish, but we’ve got an “Engulfing” at the last low, which has been confirmed by the just finished “Three Methods” pattern. So, the market is likely going to reach the 34 Moving Average during the day. If a pullback happens afterwards, there’ll be an opportunity to get a new low very soon.

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