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Euro / U.S. Dollar
Short

EUR/USD - Strong Bearish Engulfing Candle Signaling Breakout

By themikewwfx
A very powerful bearish engulfing candle formed today on EUR/USD. There seems to be an overall bearish sentiment forming on all Euro pairs. This signal looks nice forming below resistance at (1.4400) and being significantly more powerful then any of the consolidation we have seen over the past week or so. Looking for a tight 1:2 RR if possible, but playing this conservatively considering we are currently range bound in the big picture
Bearish EngulfingbearishsentimentconsolidationEURUSDnakedforexnakedtradingpricepriceactionshortSupport and Resistance

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