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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: upward correction is possible, because bears reached the "Window"

EUR/USD: upward correction is possible, because bears reached the "Window"

The price has been falling down since a “Shooting Star” arrived. Therefore, the pair achieved the upper side of the nearest “Window”, which can act as a support. As we can see on the Daily chart, there’s a “Three Methods”, so the market is likely going to reach the 89 Moving Average. If a pullback from this line happens, bears will likely try to achieve the next support level.

EUR/USD: upward correction is possible, because bears reached the "Window"

The pair hasn’t broken the 34 Moving Average, so we’ve got a downward movement. Despite of the local “Harami’, the market is likely going to get a resistance on the 21 Moving Average. If we see a pullback from this line, the current downwards movement will probably move on.

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