The Monthly<\/em> EURUSD Forex chart<\/h3>\n\n\n\n![\"EURUSD](\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/02\/EURUSD-Monthly-Limited-FT-Selling-Bulls-Want-Failed-BO-680x383.jpg\" "\\"\\"")
<\/a><\/figure>\n\n\n\n<\/div>\n\n\n\n\n- The January monthly EURUSD candlestick was a bear doji closing above the middle of its range with a long tail above and below.<\/li>\n\n\n\n
- Last month<\/a>, we said that traders would see if the bears could create sustained follow-through selling in January or if the market would stall and reverse back into the trading range instead.<\/li>\n\n\n\n
- The market traded lower in the first half of January but traded sideways to up from mid-month onwards.<\/li>\n\n\n\n
- The bears got a reversal from a double top bear flag (Dec 28 and Sept 25) and a larger double top bear flag (July 18 and Sept 25).<\/li>\n\n\n\n
- They want a strong breakout below the trading range (October 2023 low) followed by a measured move using the height of the trading range.<\/li>\n\n\n\n
- At a minimum, they hope to get another leg down to complete the wedge pattern with the first two legs being the October 23 and November 22 lows. They got the third leg down in January.<\/li>\n\n\n\n
- So far, the breakout and follow-through selling below the trading range low have not been as strong as the bears hoped.<\/li>\n\n\n\n
- If the market trades higher, they want the 20-month EMA to act as resistance.<\/li>\n\n\n\n
- They hope to get at least a small sideways to down leg to retest the recent leg extreme low (Jan 13).<\/li>\n\n\n\n
- The bulls see the current move as a sell vacuum and a bear leg within a trading range.<\/li>\n\n\n\n
- They want a failed breakout below the trading range and a reversal from a large double bottom bull flag (Oct 3 and Jan 13) and a wedge (Oct 23, Nov 22, and Jan 13).<\/li>\n\n\n\n
- They hope the market will reverse to the middle of the trading range (around the 20-month EMA).<\/li>\n\n\n\n
- They must create a strong bull entry bar to increase the odds of the bull leg beginning.<\/li>\n\n\n\n
- So far, the follow-through selling following the breakout below the 25-month trading range is limited.<\/li>\n\n\n\n
- Since January\u2019s candlestick is a bear doji closing above the middle of its range, it can be a buy signal bar for February (albeit weaker).<\/li>\n\n\n\n
- Traders will see if the bulls can get a strong entry bar and trade back into the trading range (testing near the 20-month EMA).<\/li>\n\n\n\n
- Or will the market continue to stall around the trading range low area, followed by a retest and breakout below the recent leg extreme low (Jan 13) instead?<\/li>\n\n\n\n
- Most breakouts from trading ranges fail and odds favor the trading range to continue.<\/li>\n<\/ul>\n\n\n\n
The Weekly<\/em> EURUSD chart<\/h3>\n\n\n\n![\"EURUSD](\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/02\/EURUSD-Weekly-Retest-Low-Breakout-or-HL-LL-MTR-680x383.jpg\" "\\"\\"")
<\/a><\/figure>\n\n\n\n<\/div>\n\n\n\n\n- This\u00a0week\u2019s\u00a0candlestick on the\u00a0weekly EURUSD Forex chart<\/a> was a bear bar closing near its low.<\/li>\n\n\n\n
- Last week<\/a>, we said the odds slightly favor the market to trade at least a little higher (probably testing near or above the 20-week EMA). Traders would see if the bulls could create a follow-through bull bar or if the market would trade slightly higher but close with a long tail or a bear body instead.<\/li>\n\n\n\n
- Previously, the bulls got a strong pullback breaking above the bear trend line.<\/li>\n\n\n\n
- They see the whole move down (from Sept) as a sell vacuum and a bear leg within a trading range.<\/li>\n\n\n\n
- They want a reversal from a large double bottom bull flag (Oct 3 and Jan 13), a wedge pattern (Oct 23, Nov 22, and Jan 13) and a micro wedge (Dec 2, Dec 10, and Dec 13).<\/li>\n\n\n\n
- They want a failed breakout followed by a retest of the middle of the trading range.<\/li>\n\n\n\n
- If the market trades lower, they see it as a retest of the prior trend’s extreme low and want a higher low major trend reversal.<\/li>\n\n\n\n
- The bears got a strong move down in a wedge pattern (Oct 23, Nov 22, and Jan 13).<\/li>\n\n\n\n
- They see the current move as a pullback and want the 20-week EMA to act as resistance.<\/li>\n\n\n\n
- They want a reversal from a double top bear flag (Dec 6 and Ja 27) followed by a retest of the January 13 low.<\/li>\n\n\n\n
- They want a strong breakout and a measured move based on the height of the trading range.<\/li>\n\n\n\n
- At the very least, they hope to get a retest of the prior low (Jan 13).<\/li>\n\n\n\n
- Since this week is a bear bar closing near its low, it is a sell signal bar for next week.<\/li>\n\n\n\n
- The market may trade at least a little lower.<\/li>\n\n\n\n
- For now, traders will see if the bears can create a strong retest of the January 13 low.<\/li>\n\n\n\n
- Or will the market trade slightly lower but close with a long tail below or a bull body instead?<\/li>\n\n\n\n
- If the retest of the January 13 low is weak (overlapping candlesticks, doji(s), bull bars with long tails below), the odds of a higher (or lower) low major trend reversal followed by another sideways to up leg will increase.<\/li>\n\n\n\n
- Most breakouts from trading ranges fail and odds favor the trading range to continue.<\/li>\n\n\n\n
- If the bears can get strong consecutive bear bars closing near their lows breaking far below the trading range, the odds will swing in favor of a successful breakout.<\/li>\n<\/ul>\n\n\n\n
Market analysis reports archive<\/h3>\n\n\n\n
![\"EURUSD](\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/02\/EURUSD-Monthly-Limited-FT-Selling-Bulls-Want-Failed-BO.jpg\" "\\"\\"")
<\/a><\/figure>\n\n\n\n<\/div>\n\n\n\n
- \n
- The January monthly EURUSD candlestick was a bear doji closing above the middle of its range with a long tail above and below.<\/li>\n\n\n\n
- Last month<\/a>, we said that traders would see if the bears could create sustained follow-through selling in January or if the market would stall and reverse back into the trading range instead.<\/li>\n\n\n\n
- The market traded lower in the first half of January but traded sideways to up from mid-month onwards.<\/li>\n\n\n\n
- The bears got a reversal from a double top bear flag (Dec 28 and Sept 25) and a larger double top bear flag (July 18 and Sept 25).<\/li>\n\n\n\n
- They want a strong breakout below the trading range (October 2023 low) followed by a measured move using the height of the trading range.<\/li>\n\n\n\n
- At a minimum, they hope to get another leg down to complete the wedge pattern with the first two legs being the October 23 and November 22 lows. They got the third leg down in January.<\/li>\n\n\n\n
- So far, the breakout and follow-through selling below the trading range low have not been as strong as the bears hoped.<\/li>\n\n\n\n
- If the market trades higher, they want the 20-month EMA to act as resistance.<\/li>\n\n\n\n
- They hope to get at least a small sideways to down leg to retest the recent leg extreme low (Jan 13).<\/li>\n\n\n\n
- The bulls see the current move as a sell vacuum and a bear leg within a trading range.<\/li>\n\n\n\n
- They want a failed breakout below the trading range and a reversal from a large double bottom bull flag (Oct 3 and Jan 13) and a wedge (Oct 23, Nov 22, and Jan 13).<\/li>\n\n\n\n
- They hope the market will reverse to the middle of the trading range (around the 20-month EMA).<\/li>\n\n\n\n
- They must create a strong bull entry bar to increase the odds of the bull leg beginning.<\/li>\n\n\n\n
- So far, the follow-through selling following the breakout below the 25-month trading range is limited.<\/li>\n\n\n\n
- Since January\u2019s candlestick is a bear doji closing above the middle of its range, it can be a buy signal bar for February (albeit weaker).<\/li>\n\n\n\n
- Traders will see if the bulls can get a strong entry bar and trade back into the trading range (testing near the 20-month EMA).<\/li>\n\n\n\n
- Or will the market continue to stall around the trading range low area, followed by a retest and breakout below the recent leg extreme low (Jan 13) instead?<\/li>\n\n\n\n
- Most breakouts from trading ranges fail and odds favor the trading range to continue.<\/li>\n<\/ul>\n\n\n\n
The Weekly<\/em> EURUSD chart<\/h3>\n\n\n\n
<\/a><\/figure>\n\n\n\n<\/div>\n\n\n\n- \n
- This\u00a0week\u2019s\u00a0candlestick on the\u00a0weekly EURUSD Forex chart<\/a> was a bear bar closing near its low.<\/li>\n\n\n\n
- Last week<\/a>, we said the odds slightly favor the market to trade at least a little higher (probably testing near or above the 20-week EMA). Traders would see if the bulls could create a follow-through bull bar or if the market would trade slightly higher but close with a long tail or a bear body instead.<\/li>\n\n\n\n
- Previously, the bulls got a strong pullback breaking above the bear trend line.<\/li>\n\n\n\n
- They see the whole move down (from Sept) as a sell vacuum and a bear leg within a trading range.<\/li>\n\n\n\n
- They want a reversal from a large double bottom bull flag (Oct 3 and Jan 13), a wedge pattern (Oct 23, Nov 22, and Jan 13) and a micro wedge (Dec 2, Dec 10, and Dec 13).<\/li>\n\n\n\n
- They want a failed breakout followed by a retest of the middle of the trading range.<\/li>\n\n\n\n
- If the market trades lower, they see it as a retest of the prior trend’s extreme low and want a higher low major trend reversal.<\/li>\n\n\n\n
- The bears got a strong move down in a wedge pattern (Oct 23, Nov 22, and Jan 13).<\/li>\n\n\n\n
- They see the current move as a pullback and want the 20-week EMA to act as resistance.<\/li>\n\n\n\n
- They want a reversal from a double top bear flag (Dec 6 and Ja 27) followed by a retest of the January 13 low.<\/li>\n\n\n\n
- They want a strong breakout and a measured move based on the height of the trading range.<\/li>\n\n\n\n
- At the very least, they hope to get a retest of the prior low (Jan 13).<\/li>\n\n\n\n
- Since this week is a bear bar closing near its low, it is a sell signal bar for next week.<\/li>\n\n\n\n
- The market may trade at least a little lower.<\/li>\n\n\n\n
- For now, traders will see if the bears can create a strong retest of the January 13 low.<\/li>\n\n\n\n
- Or will the market trade slightly lower but close with a long tail below or a bull body instead?<\/li>\n\n\n\n
- If the retest of the January 13 low is weak (overlapping candlesticks, doji(s), bull bars with long tails below), the odds of a higher (or lower) low major trend reversal followed by another sideways to up leg will increase.<\/li>\n\n\n\n
- Most breakouts from trading ranges fail and odds favor the trading range to continue.<\/li>\n\n\n\n
- If the bears can get strong consecutive bear bars closing near their lows breaking far below the trading range, the odds will swing in favor of a successful breakout.<\/li>\n<\/ul>\n\n\n\n
Market analysis reports archive<\/h3>\n\n\n\n
- Last week<\/a>, we said the odds slightly favor the market to trade at least a little higher (probably testing near or above the 20-week EMA). Traders would see if the bulls could create a follow-through bull bar or if the market would trade slightly higher but close with a long tail or a bear body instead.<\/li>\n\n\n\n