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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: "Window" has been waiting for bulls

EUR/USD: "Window" has been waiting for bulls

There’s a bullish rally, which is taking place on the four-hour chart, so we haven’t got any reversal pattern. In this case, the market is likely going to reach the nearest “Window”, where some bearish pattern could be formed. As we can see on the Daily chart, here’s a strong support by the 55 & 89 Moving Average lines. The last candles are bullish, so an achievement of the 144 Moving Average is a still on the table.

EUR/USD: "Window" has been waiting for bulls

The last consolidation was finally ended by the huge white candle. Also, there’s an “Engulfing” at the local low. Therefore, the pair is likely going to reach the nearest resistance. If a pullback from this level happens later on, there’ll be a chance to see a bearish correction towards the 21 Moving Average.

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