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Forex Price Action – EURUSD Engulfing Bar off Big Figure | Nov. 27th
After trying for three days to crack the 1.3000 big figure, the EURUSD formed a bearish engulfing bar today which is its first sound rejection off the key level. Yesterday’s inside bar failed to produce a break higher, and short term the sellers are now in control. Intraday support now resides at 1.2888 where short term bulls can look for possible price action triggers. Bears can look for intraday corrective pullbacks towards 1.3000 for potential shorts.
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