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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 with the "Two Black Crows" pushing the price down

EUR/USD: bears with the "Two Black Crows" pushing the price down

There’s a “Hanging Man” at the local high, which has been confirmed. We haven’t got any reversal patterns so far and that makes bears absolutely free to reach the nearest support line in the short term. As we can see on the Daily chart, there’re a “Doji” and a “Two Black Crows” at the last maximum, so the market is likely going to get a support on the 34 & 55 Moving Average lines.

EUR/USD: bears with the "Two Black Crows" pushing the price down

We’ve got a “Harami” and a “Hanging Man” on the upper “Window”, which both have been strongly confirmed by the current decline. Under this circumstances, bears are likely going to move on until any reversal bullish pattern arrives. 

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