EURUSD Forex market <\/h2>\n\n\n\nThe Weekly<\/em> EURUSD chart<\/h3>\n\n\n\n![\"EURUSD](\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/04\/EURUSD-Weekly-Bears-Want-Failed-BO-Bulls-Need-FT-Buying-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 doji closing in its lower half with a long tail above.<\/li>\n\n\n\n
- Last week<\/a>, we said the market may still be sideways to up phase. Traders would see if the bulls can create more follow-through buying or if the market would start to stall and trade back into the trading range in the next few weeks instead.<\/li>\n\n\n\n
- The market traded higher early in the week but lacked follow-through buying. The EURUSD traded sideways to down for the rest of the week.<\/li>\n\n\n\n
- The bulls want a strong breakout followed by a measured move based on the height of the trading range. That would take the market to the 2021 high area.<\/li>\n\n\n\n
- They must create sustained follow-through buying to increase the odds of a measured move-up.<\/li>\n\n\n\n
- They want any pullback to be weak, sideways, and lacking in follow-through selling (overlapping candlesticks, doji(s), bull bars, long tails below candlesticks).<\/li>\n\n\n\n
- They want the August\/September and July highs to act as support.<\/li>\n\n\n\n
- The bears see the current move as a large 2-legged bull leg and a buy vacuum test of the trading range high.<\/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
- They want a reversal from a wedge pattern (Apr 3, Apr 11, and Apr 21).<\/li>\n\n\n\n
- They see this week\u2019s candlestick as a reversal bar albeit weaker (small bear body). They must create a strong bear entry bar to increase the odds of a failed breakout.<\/li>\n\n\n\n
- The move up (since the February 28 low) is in a tight bull channel with big bull bars which means strong bulls.<\/li>\n\n\n\n
- Most breakouts from trading ranges fail. Markets have inertia and tend to continue what they have been doing.<\/li>\n\n\n\n
- That means trading ranges (and trends) are resistant to change and tend to continue.<\/li>\n\n\n\n
- Traders want to see if the bears can create a strong bear entry bar.<\/li>\n\n\n\n
- Or will the market trade slightly lower, but lack follow-through selling, closing with a long tail or a bull body instead?<\/li>\n\n\n\n
- If the bears can create strong consecutive bear bars back into the trading range instead, the odds of a failed breakout will increase.<\/li>\n\n\n\n
- However, if the bulls can create strong follow-through buying above the trading range, the odds of a successful breakout and a measured move will increase.<\/li>\n<\/ul>\n\n\n\n
The Daily<\/em> EURUSD chart<\/h3>\n\n\n\n![\"EURUSD](\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/04\/EURUSD-Daily-Bears-Want-Failed-BO-Need-FT-Selling-680x383.jpg\" "\\"\\"")
<\/a><\/figure>\n\n\n\n
![\"EURUSD](\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/04\/EURUSD-Weekly-Bears-Want-Failed-BO-Bulls-Need-FT-Buying.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 doji closing in its lower half with a long tail above.<\/li>\n\n\n\n
- Last week<\/a>, we said the market may still be sideways to up phase. Traders would see if the bulls can create more follow-through buying or if the market would start to stall and trade back into the trading range in the next few weeks instead.<\/li>\n\n\n\n
- The market traded higher early in the week but lacked follow-through buying. The EURUSD traded sideways to down for the rest of the week.<\/li>\n\n\n\n
- The bulls want a strong breakout followed by a measured move based on the height of the trading range. That would take the market to the 2021 high area.<\/li>\n\n\n\n
- They must create sustained follow-through buying to increase the odds of a measured move-up.<\/li>\n\n\n\n
- They want any pullback to be weak, sideways, and lacking in follow-through selling (overlapping candlesticks, doji(s), bull bars, long tails below candlesticks).<\/li>\n\n\n\n
- They want the August\/September and July highs to act as support.<\/li>\n\n\n\n
- The bears see the current move as a large 2-legged bull leg and a buy vacuum test of the trading range high.<\/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
- They want a reversal from a wedge pattern (Apr 3, Apr 11, and Apr 21).<\/li>\n\n\n\n
- They see this week\u2019s candlestick as a reversal bar albeit weaker (small bear body). They must create a strong bear entry bar to increase the odds of a failed breakout.<\/li>\n\n\n\n
- The move up (since the February 28 low) is in a tight bull channel with big bull bars which means strong bulls.<\/li>\n\n\n\n
- Most breakouts from trading ranges fail. Markets have inertia and tend to continue what they have been doing.<\/li>\n\n\n\n
- That means trading ranges (and trends) are resistant to change and tend to continue.<\/li>\n\n\n\n
- Traders want to see if the bears can create a strong bear entry bar.<\/li>\n\n\n\n
- Or will the market trade slightly lower, but lack follow-through selling, closing with a long tail or a bull body instead?<\/li>\n\n\n\n
- If the bears can create strong consecutive bear bars back into the trading range instead, the odds of a failed breakout will increase.<\/li>\n\n\n\n
- However, if the bulls can create strong follow-through buying above the trading range, the odds of a successful breakout and a measured move will increase.<\/li>\n<\/ul>\n\n\n\n
The Daily<\/em> EURUSD chart<\/h3>\n\n\n\n
<\/a><\/figure>\n\n\n\n - Last week<\/a>, we said the market may still be sideways to up phase. Traders would see if the bulls can create more follow-through buying or if the market would start to stall and trade back into the trading range in the next few weeks instead.<\/li>\n\n\n\n