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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: "Harami" increase bearish pressure

EUR/USD: "Harami" increase bearish pressure

We’ve got a “Tower” and a “High Wave” on the 34 Moving Average, but both patterns haven’t been confirmed yet. Also, there’s a strong resistance by the upper “Window”. As we can see on the Daily chart, here’s a “Harami”, but without a confirmation. If a confirmation arrives later on, a downward movement becomes possible.

EUR/USD: "Harami" increase bearish pressure

The price tested the 144 Moving Average, which brought a “Harami” pattern. Also, there’s a “Shooting Star” at the local low. So, the price is likely going to test the 89 Moving Average once again, which could reverse a price movement the direction of the lower “Window”.

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