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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: "Three Black Crows" strike an awe into bulls

EUR/USD: "Three Black Crows" strike an awe into bulls

There’s an “Engulfing” at the local high, so the market is likely going to reach the nearest support line. If any bullish pattern arrives afterwards, an upward movement in the direction of the last high becomes possible. As we can see on the Daliy chart, here’s a “Tweezers” in the 89 Moving Average, so if it confirms bulls will probably try to continue the current upward correction.

EUR/USD: "Three Black Crows" strike an awe into bulls

We’ve got a strong support by the upper “Window”, which has brought an “Engulfing” an a “Three Black Crows” patterns, both of them have a good confirmation. Therefore, the pair is likely going to get a resistance on the 21 or 34 Moving Average lines in the short term. If we see a pullback from these lines, bears will have an opportunity to deliver a new low afterwards.

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