Forex Price Action – Euro Pin Bar Off Intraday Support | Nov. 28th

As I wrote in my price action commentary yesterday, the EURUSD formed a bearish engulfing bar, and the first level bulls can look to get long would be the 1.2888 level being a key intraday support level.  That is exactly what happened as the pair bounced off this level (going only 9pips below) and bouncing over 70pips forming a bullish pin bar setup in the process, showing the bulls are willing to buy on dips.  Bulls will likely challenge the 1.3000 level where some intraday bears may look to short.

bullish pin bar engulfing bar price action nov 28th

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