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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: "Doji" inside the "Window" has stopped the bearish rally

EUR/USD: "Doji" inside the "Window" has stopped the bearish rally

There’s a bullish “Doji” at the local low, which has been confirmed. Therefore, the market is likely going to reach the 21 Moving Average. If we see any bearish pattern on this line, a downward movement becomes possible. As we can see on the Daily chart, there’s a bearish “Three Methods” pattern, so the price is free to reach the nearest support.​

EUR/USD: "Doji" inside the "Window" has stopped the bearish rally

We’ve got a correction inside the main bearish trend. Previously, two “Hammers” was formed at the local low. So, firstly the market is likely going to achieve the 21 Moving Average. At the same time, it’s likely possible that bulls are going to continue the current correction. 

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