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.

bearish engulfing bar price action trading nov 27th

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Buddhist, Trader and Philanthropist

I'm Chris Capre, Founder of 2ndSkiesForex. I help traders of all levels change the way they think, trade and perform. As a professional trader, I specialize in trading price action. As a teacher, my passion lies in showing you how to re-wire your brain for successful trading. Want to improve your edge right now? Visit my Price Action Course page.

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  • DV

    Great post, always like reading your work!

    • Thanks mate

      Kind Regards,

      • Hello Sanjay,

        Am glad you liked it.

        Kind Regards,

  • Mitul Patel

    Nice post thank you chris

    • Glad you liked it Mitul.

      Kind Regards,