‎EIGENUSD Experiences Bullish Pullback Within Strong Bearish Trend

‎EIGENUSD Market Analysis – November 27

EIGENUSD experienced a brief break in its dominant bearish trend during early November. The market formed two consecutive higher highs and higher lows, signalling temporary strength before a decisive bearish shift reinstated the prevailing trend. At the moment, the pair is in a corrective phase, presenting a notable bullish pullback marked by the appearance of a third consecutive bullish daily candle. This retracement reflects a temporary recovery rather than a full trend reversal, as overall bearish pressure remains intact.

‎EIGENUSD Key Levels

‎Support Levels: 0.5070, 0.1000
‎Resistance Levels: 1.0280, 2.0000

‎EIGENUSD Long-Term Trend: Bearish

Just before mid-November, the Lorentizan Machine Learning Classification Indicator delivered a bearish forex signal, reinforcing expectations of continued downside movement. Price action reacted immediately, breaking through the strong support level at 1.0280 with a sharp bearish impulse. This breakout created a significant fair value gap, which price partially mitigated before continuing its decline.

Following the breakout, EIGENUSD adopted a clear bearish market structure, ultimately printing a swing low around 0.5070. Currently, price is retracing with noticeably reduced momentum, suggesting that the bullish pullback is corrective rather than structural.‎

‎EIGENUSD Medium-Term Trend: Bullish

EIGENUSD appears bullish on medium and lower timeframes due to the ongoing pullback from higher-timeframe discount levels. However, the market has not confirmed a true bullish shift, as key swing highs remain unbroken. Until these structural points are taken out, the upward move remains corrective. Consequently, the price is expected to resume its decline once the pullback exhausts.

‎‎‎Make money without lifting your fingers: Start using a world-class auto trading solution

Note: Learn2.trade is not a financial advisor. Do your research before investing your funds in any financial asset, product, or event. We are not responsible for your investment results.