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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 wish upon a "Shooting Star"

EUR/USD: bears wish upon a "Shooting Star"

There’s a “Shooting Star” at the last high, which has been confirmed enough. Therefore, the market is likely going to test the nearest support line and the 21 Moving Average. As we can see on the Daily chart, here’s a possible bearish pattern in progress, so the pair is probably going to reach the support nearby shortly.

EUR/USD: bears wish upon a "Shooting Star"

We’ve got an “Evening Doji Star” at the local high, so a decline becomes possible. The nearest target is the 55 Moving Average. If we see any bullish pattern on this line, buyers will have a chance to return into the market.

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