{"id":230208,"date":"2025-02-16T01:30:00","date_gmt":"2025-02-16T09:30:00","guid":{"rendered":"https:\/\/www.brookstradingcourse.com\/?p=230208"},"modified":"2025-02-16T00:14:20","modified_gmt":"2025-02-16T08:14:20","slug":"eurusd-bulls-need-a-breakout","status":"publish","type":"post","link":"https:\/\/www.brookstradingcourse.com\/es\/analysis\/eurusd-bulls-need-a-breakout\/","title":{"rendered":"EURUSD Bulls Need a Breakout"},"content":{"rendered":"\n<h2 class=\"wp-block-heading\">Market Overview: EURUSD Forex<\/h2>\n\n\n\n<p>The EURUSD bulls need a breakout above the January 27 high with follow-through buying trading far above the bear trend line and the 20-week EMA to increase the odds of the bull leg beginning. The bears ope the 20-week EMA and the bear trend line will 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-Bulls-Need-BO-Bears-Want-DT-Bear-Flag.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"680\" height=\"383\" src=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/02\/EURUSD-Weekly-Bulls-Need-BO-Bears-Want-DT-Bear-Flag-680x383.jpg\" alt=\"EURUSD Weekly - Bulls Need BO, Bears Want DT Bear Flag, EURUSD Bulls Need a Breakout\" class=\"wp-image-230388\" title=\"\" srcset=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/02\/EURUSD-Weekly-Bulls-Need-BO-Bears-Want-DT-Bear-Flag-680x383.jpg 680w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/02\/EURUSD-Weekly-Bulls-Need-BO-Bears-Want-DT-Bear-Flag-300x169.jpg 300w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/02\/EURUSD-Weekly-Bulls-Need-BO-Bears-Want-DT-Bear-Flag-768x432.jpg 768w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/02\/EURUSD-Weekly-Bulls-Need-BO-Bears-Want-DT-Bear-Flag-1536x864.jpg 1536w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/02\/EURUSD-Weekly-Bulls-Need-BO-Bears-Want-DT-Bear-Flag.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 big bull bar closing near its high with a small tail above.<\/li>\n\n\n\n<li><a href=\"https:\/\/www.brookstradingcourse.com\/analysis\/eurusd-retest-january-low\/\" target=\"_blank\" rel=\"noreferrer noopener\">Last week<\/a>, we said that traders would see if the bulls could create more follow-through buying, breaking above the bear trend line and the 20-week EMA or if the bears could create a retest and breakout below the January 13 low instead.<\/li>\n\n\n\n<li>The bulls got a strong follow-through bull bar this week.<\/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 recent 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 (below the trading range) followed by a retest of the middle of the trading range (near the Nov 6 high area).<\/li>\n\n\n\n<li>They must create a breakout above the January 27 high with 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>The bears see the current move as a pullback.<\/li>\n\n\n\n<li>They want a reversal from a double top bear flag (Jan 27 and Feb 14), or a wedge bear flag (Dec 6, Jan 27 and Feb 14) followed by a retest of the January 13 low.<\/li>\n\n\n\n<li>They hope the 20-week EMA and the bear trend line will act as resistance.<\/li>\n\n\n\n<li>They want a strong breakout (below the trading range), and a measured move based on the height of the trading range.<\/li>\n\n\n\n<li>The problem with the bear\u2019s case is that the breakout and follow-through selling below the trading range has been limited.<\/li>\n\n\n\n<li>They need to create strong consecutive bear bars closing near their lows to increase the odds of a successful breakout.<\/li>\n\n\n\n<li>So far, the market has traded sideways in the last 9-weeks.<\/li>\n\n\n\n<li>Since this week\u2019s candlestick is a big bull bar closing near its high, it can be a buy signal bar for next week.<\/li>\n\n\n\n<li>The market may still trade at least a little higher.<\/li>\n\n\n\n<li>For now, traders will see if the bulls can create more follow-through buying trading far above the bear trend line and the 20-week EMA.<\/li>\n\n\n\n<li>Or will the market trade slightly higher but stall around the 20-week EMA or the December 6 high areas?<\/li>\n\n\n\n<li>Most breakouts from trading ranges fail and odds favor the trading range to continue.<\/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 low major trend reversal followed by another sideways to up leg will increase. So far, this appears to be the case.<\/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-BO-FT-Bears-Want-DT-Bear-Flag.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"680\" height=\"383\" src=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/02\/EURUSD-Daily-Bulls-Need-BO-FT-Bears-Want-DT-Bear-Flag-680x383.jpg\" alt=\"EURUSD Daily - Bulls Need BO &amp; FT, Bears Want DT Bear Flag\" class=\"wp-image-230391\" title=\"\" srcset=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/02\/EURUSD-Daily-Bulls-Need-BO-FT-Bears-Want-DT-Bear-Flag-680x383.jpg 680w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/02\/EURUSD-Daily-Bulls-Need-BO-FT-Bears-Want-DT-Bear-Flag-300x169.jpg 300w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/02\/EURUSD-Daily-Bulls-Need-BO-FT-Bears-Want-DT-Bear-Flag-768x432.jpg 768w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/02\/EURUSD-Daily-Bulls-Need-BO-FT-Bears-Want-DT-Bear-Flag-1536x864.jpg 1536w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/02\/EURUSD-Daily-Bulls-Need-BO-FT-Bears-Want-DT-Bear-Flag.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 opened slightly lower on Monday and traded sideways to up for the rest of the week.<\/li>\n\n\n\n<li><a href=\"https:\/\/www.brookstradingcourse.com\/analysis\/eurusd-retest-january-low\/\" target=\"_blank\" rel=\"noreferrer noopener\">Last week<\/a>, we said that traders would see if the bulls could create more follow-through buying, breaking far above the bear trend line and the 20-day EMA or if the market would retest the January 13 low followed by a breakout attempt instead.<\/li>\n\n\n\n<li>The bulls created follow-through buying testing near the January 27 high area.<\/li>\n\n\n\n<li>They 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), an embedded wedge (Dec 13, Jan 2, and Jan 13) and a higher low major trend reversal.<\/li>\n\n\n\n<li>They want a breakout above the January 27 high followed by a measured move based on the height of the 9-week trading range.<\/li>\n\n\n\n<li>They must create follow-through buying trading far above the January 27 and December 6 highs to increase the odds of the bull leg beginning.<\/li>\n\n\n\n<li>If the market trades lower, they want the 20-day EMA to act as support.<\/li>\n\n\n\n<li>The bears see the current move as a pullback and want a reversal from a double top bear flag (Jan 27 and Feb 14).<\/li>\n\n\n\n<li>They hope that the January 27 or December 6 highs area will act as resistance.<\/li>\n\n\n\n<li>They hope to get a retest of the January 13 low followed by a breakout below.<\/li>\n\n\n\n<li>The problem with the bear\u2019s case is that the follow-through selling following the breakout below the trading range has been limited.<\/li>\n\n\n\n<li>They need to create strong consecutive bear bars to show that they are back in control.<\/li>\n\n\n\n<li>So far, the market has traded sideways in the last 9-weeks.<\/li>\n\n\n\n<li>The buying pressure since the January 13 low is slightly stronger (consecutive bull bars, bigger bull bars) compared to the weaker selling pressure (bear bars with limited follow-through selling).<\/li>\n\n\n\n<li>For now, traders will see if the bulls can create a breakout above the January 27 high with sustained follow-through buying.<\/li>\n\n\n\n<li>Or will the market trade slightly higher but stall around the January 27 or December 6 high area?<\/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 bulls need a breakout above the January 27 high with follow-through buying trading far above the bear trend line and the 20-week EMA to increase the odds of the bull leg beginning. The bears ope the 20-week EMA and the bear trend line will act as resistance. EURUSD Forex [&hellip;]<\/p>\n","protected":false},"author":2836,"featured_media":230388,"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-230208","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-Bulls-Need-BO-Bears-Want-DT-Bear-Flag.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\/230208","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=230208"}],"version-history":[{"count":0,"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/posts\/230208\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/media\/230388"}],"wp:attachment":[{"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/media?parent=230208"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/categories?post=230208"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/tags?post=230208"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}