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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: "Doji" calling bulls for a local correction

EUR/USD: "Doji" calling bulls for a local correction

There’s a possible “Harami” on the current “Window”, so the price is likely going to test the lower side of the neighbor “Window”. If a pullback from this level appears afterwards, there’ll be an opportunity to see the market lower. At the same time, here’s a “High Wave” on the Daily chart , but this pattern hasn’t been confirmed. So, the market is probably going to decline towards the nearest support line.

EUR/USD: "Doji" calling bulls for a local correction

Bears have got a resistance by the lower side of the nearest “Window”. However, we’ve got a “Doji”, which points to a possible local upward movement in the direction of the 89 Moving Average. If a pullback from this line happens afterwards, sellers will likely try to return into the market.

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