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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 try to return

EUR/USD: bears try to return

Bears are still in the game, because the middle of the last huge black candle acted as a resistance again, so we’ve got a “Hanging Man” and a “Harami” here. Therefore, the market is likely going to reach the lower “Window” in the short term. As we can see on the Daily chart, there’s a “High Wave” at the local low, but if the nearest resistance line brings any reversal pattern, bears are likely going to come back into the market.

EUR/USD: bears try to return

We’ve got an “Engulfing” inside the current “Window”, so we’re likely going to see an upward movement during the day. If any bearish pattern arrives afterwards, the pair will probably try to break the last low.

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