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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 faced support by "Window"

EUR/USD: bears faced support by "Window"

There’s a bullish “Hammer” at the local low, but its confirmation has been canceled by the last bearish “Harami”. Therefore, the price is likely going to test the 89 Moving Average once again. As we can see on the Daily chart, here’s a possible “Three Black Crows” pattern, so right after a local upward correction, bears will probably try to deliver a new low.

EUR/USD: bears faced support by "Window"

We’ve got a strong support by the lower “Window”. Also, there’re a “Harami” and a “Three White Soldiers”, so the market is likely going to test the middle of the last huge black candle once again. 

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