Forex Price Action – EURUSD Engulfing Bar off Big Figure | Nov. 27th

Verified Profitable Trader

EURUSD
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 2ndskiesforex.com nov 27th

For those wanting to learn to trade price action, access to the traders forum, lifetime membership & more, visit my Price Action Course page here.

Upcoming Economic Announcements:

EUR German Consumer Price Index – EU Harmonised (YoY) 08.00EST
USD New Home Sales (MoM) 10.00EST
USD Fed Releases Beige Book Economic Survey 14.00EST

Make sure to check out my newest article on Ichimoku Price Theory.

Want More? My private members get all my trade ideas & market commentary 4x per week. Click here to become a member.

Related Article