{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/forexschoolonline.com\/bullish-engulfing-bar-sends-eurusd-higher\/#BlogPosting","mainEntityOfPage":"https:\/\/forexschoolonline.com\/bullish-engulfing-bar-sends-eurusd-higher\/","headline":"Bullish Engulfing Bar Sends EURUSD Higher","name":"Bullish Engulfing Bar Sends EURUSD Higher","description":"Last week the EURUSD formed a Bullish Engulfing Bar (BUEB) at an extreme low. From this BUEB price has broken higher and moved into resistance. This is the second time in the last week that price has tested this key resistance. What price does from here is crucial to where price may go in the […]","datePublished":"2012-06-15","dateModified":"2019-08-04","author":{"@type":"Person","@id":"https:\/\/forexschoolonline.com\/author\/jonfox\/#Person","name":"Johnathon Fox","url":"https:\/\/forexschoolonline.com\/author\/jonfox\/","identifier":1,"description":"Johnathon is a Forex and Futures trader with over ten years trading experience who also acts as a mentor and coach to thousands and has written for some of the biggest finance and trading sites in the world.","image":{"@type":"ImageObject","@id":"https:\/\/secure.gravatar.com\/avatar\/d0b589a007c132efe23124c05a02b68524844c0089401129bd50bc12ee59d3a9?s=96&d=monsterid&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/d0b589a007c132efe23124c05a02b68524844c0089401129bd50bc12ee59d3a9?s=96&d=monsterid&r=g","height":96,"width":96}},"publisher":{"@type":"Organization","name":"Forex School Online","logo":{"@type":"ImageObject","@id":"https:\/\/www.forexschoolonline.com\/\/wp-content\/uploads\/2018\/09\/FSO-Transparent-logo-gr.png","url":"https:\/\/www.forexschoolonline.com\/\/wp-content\/uploads\/2018\/09\/FSO-Transparent-logo-gr.png","width":240,"height":60}},"image":{"@type":"ImageObject","@id":"https:\/\/www.forexschoolonline.com\/\/wp-content\/uploads\/2012\/06\/eurusd.png","url":"https:\/\/www.forexschoolonline.com\/\/wp-content\/uploads\/2012\/06\/eurusd.png","height":"226","width":"584"},"url":"https:\/\/forexschoolonline.com\/bullish-engulfing-bar-sends-eurusd-higher\/","about":["Price Action Charts in Focus"],"wordCount":137,"articleBody":"Last week the EURUSD formed a Bullish Engulfing Bar (BUEB) at an extreme low. From this BUEB price has broken higher and moved into resistance.This is the second time in the last week that price has tested this key resistance. What price does from here is crucial to where price may go in the near future.If price can break this resistance we may have the next up-move. If\u00a0however\u00a0price is rejected solidly a move to retest the recent extreme lows may be on the cards.The\u00a0best\u00a0play at the moment may be to sit aside and wait for a\u00a0decisive\u00a0move either way. Once price has moved through or away from this resistance zone it will be much clearer what side of the market is best to trade on. EURUSD DAILY CHART"}