{"id":229506,"date":"2025-02-09T01:30:00","date_gmt":"2025-02-09T09:30:00","guid":{"rendered":"https:\/\/www.brookstradingcourse.com\/?p=229506"},"modified":"2025-02-08T12:51:26","modified_gmt":"2025-02-08T20:51:26","slug":"eurusd-retest-january-low","status":"publish","type":"post","link":"https:\/\/www.brookstradingcourse.com\/es\/analysis\/eurusd-retest-january-low\/","title":{"rendered":"EURUSD Retest January Low"},"content":{"rendered":"\n<h2 class=\"wp-block-heading\">Market Overview: EURUSD Forex<\/h2>\n\n\n\n<p>The EURUSD retest January low this week but lacked follow-through selling. The bulls see the current move (Feb 3) as a retest of the prior trend&#8217;s extreme low and want a higher low major trend reversal. If the market trades higher, the bears want the 20-week EMA to act as resistance.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">EURUSD Forex market <\/h2>\n\n\n\n<h3 class=\"wp-block-heading\">The <em>Weekly<\/em> EURUSD chart<\/h3>\n\n\n\n<figure class=\"wp-block-image size-large\"><a href=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/02\/EURUSD-Weekly-Retest-Low-HL-MTR-Bulls-Need-FT.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"680\" height=\"383\" src=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/02\/EURUSD-Weekly-Retest-Low-HL-MTR-Bulls-Need-FT-680x383.jpg\" alt=\"EURUSD Weekly - Retest Low, HL MTR, Bulls Need FT, EURUSD Retest January Low\" class=\"wp-image-229682\" title=\"\" srcset=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/02\/EURUSD-Weekly-Retest-Low-HL-MTR-Bulls-Need-FT-680x383.jpg 680w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/02\/EURUSD-Weekly-Retest-Low-HL-MTR-Bulls-Need-FT-300x169.jpg 300w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/02\/EURUSD-Weekly-Retest-Low-HL-MTR-Bulls-Need-FT-768x432.jpg 768w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/02\/EURUSD-Weekly-Retest-Low-HL-MTR-Bulls-Need-FT-1536x864.jpg 1536w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/02\/EURUSD-Weekly-Retest-Low-HL-MTR-Bulls-Need-FT.jpg 1920w\" sizes=\"auto, (max-width: 680px) 100vw, 680px\" \/><\/a><\/figure>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<ul class=\"wp-block-list\">\n<li>This\u00a0week\u2019s\u00a0candlestick on the\u00a0<a href=\"https:\/\/www.investing.com\/currencies\/eur-usd\" target=\"_blank\" rel=\"noreferrer noopener\">weekly EURUSD Forex chart<\/a> was a bull bar closing slightly below the middle of its range with a long tail above.<\/li>\n\n\n\n<li><a href=\"https:\/\/www.brookstradingcourse.com\/analysis\/weak-eurusd-follow-through-selling\/\" target=\"_blank\" rel=\"noreferrer noopener\">Last week<\/a>, we said that traders would see if the bears could create a strong retest of the January 13 low, or if the market would trade slightly lower but close with a long tail below or a bull body instead.<\/li>\n\n\n\n<li>The market gapped down on Monday, but the follow-through selling was limited.<\/li>\n\n\n\n<li>Previously, the bulls got a strong pullback breaking above the bear trend line.<\/li>\n\n\n\n<li>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<li>They see the current move (Feb 3) as a retest of the prior trend&#8217;s extreme low and want a higher low major trend reversal.<\/li>\n\n\n\n<li>They want a failed breakout followed by a retest of the middle of the trading range.<\/li>\n\n\n\n<li>They need to create follow-through buying trading far above the 20-week EMA to increase the odds of the bull leg beginning.<\/li>\n\n\n\n<li>The bears got a strong move down in a wedge pattern (Oct 23, Nov 22, and Jan 13).<\/li>\n\n\n\n<li>They see the recent move (Jan 27) as a pullback.<\/li>\n\n\n\n<li>They got a reversal from a double top bear flag (Dec 6 and Jan 27), followed by a retest of the January 13 low (Feb 3).<\/li>\n\n\n\n<li>They want a strong breakout and a measured move based on the height of the trading range.<\/li>\n\n\n\n<li>If the market trades higher, they want the 20-week EMA to act as resistance followed by another leg down from a wedge bear flag (the first two legs being Dec 6 and Jan 27).<\/li>\n\n\n\n<li>So far, the market has traded sideways in the last 8-weeks.<\/li>\n\n\n\n<li>The breakout and follow-through selling below the trading range has been limited.<\/li>\n\n\n\n<li>For now, traders will see if the bulls can create more follow-through buying breaking above the bear trend line and the 20-week EMA.<\/li>\n\n\n\n<li>Or if the bears can create a retest and breakout below the January 13 low instead.<\/li>\n\n\n\n<li>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. So far, this appears to be the case.<\/li>\n\n\n\n<li>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\n\n\n<li>Most breakouts from trading ranges fail and odds favor the trading range to continue.<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">The <em>Daily<\/em> EURUSD chart<\/h3>\n\n\n\n<figure class=\"wp-block-image size-large\"><a href=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/02\/EURUSD-Daily-Bulls-Need-FT-Buying-Bears-Want-RT-Low.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"680\" height=\"383\" src=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/02\/EURUSD-Daily-Bulls-Need-FT-Buying-Bears-Want-RT-Low-680x383.jpg\" alt=\"EURUSD Daily - Bulls Need FT Buying; Bears Want RT Low\" class=\"wp-image-229685\" title=\"\" srcset=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/02\/EURUSD-Daily-Bulls-Need-FT-Buying-Bears-Want-RT-Low-680x383.jpg 680w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/02\/EURUSD-Daily-Bulls-Need-FT-Buying-Bears-Want-RT-Low-300x169.jpg 300w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/02\/EURUSD-Daily-Bulls-Need-FT-Buying-Bears-Want-RT-Low-768x432.jpg 768w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/02\/EURUSD-Daily-Bulls-Need-FT-Buying-Bears-Want-RT-Low-1536x864.jpg 1536w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/02\/EURUSD-Daily-Bulls-Need-FT-Buying-Bears-Want-RT-Low.jpg 1920w\" sizes=\"auto, (max-width: 680px) 100vw, 680px\" \/><\/a><\/figure>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<ul class=\"wp-block-list\">\n<li>The EURUSD gapped down on Monday but reversed higher in the first half of the week. The market formed a pullback on Thursday and Friday.<\/li>\n\n\n\n<li><a href=\"https:\/\/www.brookstradingcourse.com\/analysis\/eurusd-breakout-below-trading-range\/\" target=\"_blank\" rel=\"noreferrer noopener\">Previously<\/a>, we said traders would see if the bulls could create more follow-through buying or if the market would trade slightly higher, but stall around the December 6 high area instead.<\/li>\n\n\n\n<li>The market stalled below the December 6 high followed by a retest of the January 13 low this week.<\/li>\n\n\n\n<li>The bears saw the recent move (Jan 27) as a two-legged pullback and got a reversal from a double top bear flag with the December 6 high.<\/li>\n\n\n\n<li>They want a strong breakout followed by a measured move based on the height of the trading range.<\/li>\n\n\n\n<li>If the market trades higher, they want the January 27 high to act as resistance followed by a double top bear flag (with the Jan 27 high).<\/li>\n\n\n\n<li>The bulls see the whole move since September as a sell vacuum and a bear leg testing the trading range low.<\/li>\n\n\n\n<li>They want a failed breakout and a reversal from a wedge pattern (Oct 23, Nov 22, and Jan 13) and an embedded wedge (Dec 13, Jan 2, and Jan 13).<\/li>\n\n\n\n<li>They see this week as a retest of the prior trend&#8217;s extreme low (Jan 13) and want a reversal from a higher low major trend reversal.<\/li>\n\n\n\n<li>They must continue to create follow-through buying trading far above the bear trend line and the 20-week EMA to increase the odds of the bull leg beginning.<\/li>\n\n\n\n<li>If the market trades lower, they want the January 13 or the February 3 lows area to act as support.<\/li>\n\n\n\n<li>So far, the market has traded sideways in the last 8-weeks.<\/li>\n\n\n\n<li>The follow-through selling following the breakout below the trading range remains limited.<\/li>\n\n\n\n<li>For now, traders will see if the bulls can create more follow-through buying breaking far above the bear trend line and the 20-week EMA.<\/li>\n\n\n\n<li>Or will the market retest the January 13 low followed by a breakout attempt instead?<\/li>\n\n\n\n<li>Most breakouts from trading ranges fail and odds favor the trading range to continue.<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">Market analysis reports archive<\/h3>\n\n\n\n<p>You can access all weekend reports on the <a rel=\"noreferrer noopener\" class=\"rank-math-link\" href=\"https:\/\/www.brookstradingcourse.com\/blog\/analysis\/\" target=\"_blank\">Market Analysis<\/a> page.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-css-opacity\" \/>\n","protected":false},"excerpt":{"rendered":"<p>Market Overview: EURUSD Forex The EURUSD retest January low this week but lacked follow-through selling. The bulls see the current move (Feb 3) as a retest of the prior trend&#8217;s extreme low and want a higher low major trend reversal. If the market trades higher, the bears want the 20-week EMA to act as resistance. [&hellip;]<\/p>\n","protected":false},"author":2836,"featured_media":229682,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"shadow","_genesis_layout":"","footnotes":""},"categories":[1842,136],"tags":[281],"class_list":{"0":"post-229506","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-forex","8":"category-analysis","9":"tag-eurusd-forex","10":"entry","11":"override","12":"shadow"},"featured_image_src":"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/02\/EURUSD-Weekly-Retest-Low-HL-MTR-Bulls-Need-FT.jpg","author_info":{"display_name":"Andrew","author_link":"https:\/\/www.brookstradingcourse.com\/es\/author\/andrewa\/"},"_links":{"self":[{"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/posts\/229506","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/users\/2836"}],"replies":[{"embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/comments?post=229506"}],"version-history":[{"count":0,"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/posts\/229506\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/media\/229682"}],"wp:attachment":[{"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/media?parent=229506"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/categories?post=229506"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/tags?post=229506"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}