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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: there isn't any reversal candle pattern so far

EUR/USD: there isn't any reversal candle pattern so far

We’ve got a “Three Methods” pattern, which did a great work, but there isn’t any reversal pattern so far. Therefore, the last high is likely going to be broken soon. As we can see on the Daily chart, there’s a support by the nearest “Window”. The current candle is white, so bulls are probably going to move on in the short term.

EUR/USD: there isn't any reversal candle pattern so far

The price has reached the upper “Window”, which can act as a resistance. If so, a local downward correction becomes possible. However, we don’t have any bearish pattern here, so bulls are still in the game.

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