The Monthly<\/em> EURUSD Forex chart<\/h3>\n\n\n\n![\"EURUSD](\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/05\/EURUSD-Monthly-Bulls-Need-Follow-through-Buying-680x383.jpg\" "\\"\\"")
<\/a><\/figure>\n\n\n\n<\/div>\n\n\n\n\n- The April monthly EURUSD candlestick was a big bull bar closing in its upper half with a long tail above.<\/li>\n\n\n\n
- Last month<\/a>, we said traders would see if the bulls could get a strong follow-through bull bar in April, or if the market would stall near the trading range high area and close the April candlestick with a long tail above or a bear body instead.<\/li>\n\n\n\n
- The bulls got a strong follow-through bull bar breaking above the trading range. The long tail above the candlestick indicates the bulls are not as strong as they hope to be.<\/li>\n\n\n\n
- They want a strong breakout above the trading range followed by a measured move based on the height of the trading range which will take the market to the 2021 high area.<\/li>\n\n\n\n
- They must create a follow-through bull bar in May to increase the odds of a successful breakout.<\/li>\n\n\n\n
- The bears see the current move as a 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 (around the 20-month EMA).<\/li>\n\n\n\n
- They must create strong bear bars to show they are back in control.<\/li>\n\n\n\n
- So far, the bulls have a breakout above the top of the trading range.<\/li>\n\n\n\n
- As strong as the move is, it could still be a bull leg and a buy vacuum within the trading range.<\/li>\n\n\n\n
- Markets have inertia. Most breakouts from trading ranges fail and odds slightly favor the trading range to continue.<\/li>\n\n\n\n
- However, if the bulls can create follow-through buying, that would increase the odds of higher prices and possibly a measured move-up.<\/li>\n\n\n\n
- For now, traders will see if the bulls can create a follow-through bull bar in May.<\/li>\n\n\n\n
- Or will the market form an inside bar or a bear bar closing near its low and trading back into the trading range instead?<\/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\/05\/EURUSD-Weekly-Pullback-or-Failed-Breakout-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 in its lower half with a small tail below.<\/li>\n\n\n\n
- Last week<\/a>, we said traders would see if the bears could create a strong bear entry bar, or if the market would trade slightly lower, but lack follow-through selling, closing with a long tail or a bull body instead.<\/li>\n\n\n\n
- The bears got a small bear entry bar. They see the recent rally 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 must create more follow-through selling to increase the odds of a failed breakout.<\/li>\n\n\n\n
- If the market trades higher, they want it to form a lower high or a double top with the April 21 high.<\/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 see the current pullback as a test of the breakout point.<\/li>\n\n\n\n
- They want the 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 July and August\/September highs to act as support.<\/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
- The move up (since the February 28 low) is in a tight bull channel with big bull bars and relatively small pullbacks which indicates stronger buying pressure.<\/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 will see if the bears can create follow-through selling over the next few weeks.<\/li>\n\n\n\n
- If the bears can create strong consecutive bear bars back into the trading range, the odds of a failed breakout and the bear leg beginning will increase.<\/li>\n\n\n\n
- Or will the pullback phase lack follow-through selling, trading sideways with long tails below candlesticks or bull bodies instead?<\/li>\n\n\n\n
- 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
Market analysis reports archive<\/h3>\n\n\n\n
![\"EURUSD](\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/05\/EURUSD-Monthly-Bulls-Need-Follow-through-Buying.jpg\" "\\"\\"")
<\/a><\/figure>\n\n\n\n<\/div>\n\n\n\n
- \n
- The April monthly EURUSD candlestick was a big bull bar closing in its upper half with a long tail above.<\/li>\n\n\n\n
- Last month<\/a>, we said traders would see if the bulls could get a strong follow-through bull bar in April, or if the market would stall near the trading range high area and close the April candlestick with a long tail above or a bear body instead.<\/li>\n\n\n\n
- The bulls got a strong follow-through bull bar breaking above the trading range. The long tail above the candlestick indicates the bulls are not as strong as they hope to be.<\/li>\n\n\n\n
- They want a strong breakout above the trading range followed by a measured move based on the height of the trading range which will take the market to the 2021 high area.<\/li>\n\n\n\n
- They must create a follow-through bull bar in May to increase the odds of a successful breakout.<\/li>\n\n\n\n
- The bears see the current move as a 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 (around the 20-month EMA).<\/li>\n\n\n\n
- They must create strong bear bars to show they are back in control.<\/li>\n\n\n\n
- So far, the bulls have a breakout above the top of the trading range.<\/li>\n\n\n\n
- As strong as the move is, it could still be a bull leg and a buy vacuum within the trading range.<\/li>\n\n\n\n
- Markets have inertia. Most breakouts from trading ranges fail and odds slightly favor the trading range to continue.<\/li>\n\n\n\n
- However, if the bulls can create follow-through buying, that would increase the odds of higher prices and possibly a measured move-up.<\/li>\n\n\n\n
- For now, traders will see if the bulls can create a follow-through bull bar in May.<\/li>\n\n\n\n
- Or will the market form an inside bar or a bear bar closing near its low and trading back into the trading range instead?<\/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 in its lower half with a small tail below.<\/li>\n\n\n\n
- Last week<\/a>, we said traders would see if the bears could create a strong bear entry bar, or if the market would trade slightly lower, but lack follow-through selling, closing with a long tail or a bull body instead.<\/li>\n\n\n\n
- The bears got a small bear entry bar. They see the recent rally 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 must create more follow-through selling to increase the odds of a failed breakout.<\/li>\n\n\n\n
- If the market trades higher, they want it to form a lower high or a double top with the April 21 high.<\/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 see the current pullback as a test of the breakout point.<\/li>\n\n\n\n
- They want the 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 July and August\/September highs to act as support.<\/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
- The move up (since the February 28 low) is in a tight bull channel with big bull bars and relatively small pullbacks which indicates stronger buying pressure.<\/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 will see if the bears can create follow-through selling over the next few weeks.<\/li>\n\n\n\n
- If the bears can create strong consecutive bear bars back into the trading range, the odds of a failed breakout and the bear leg beginning will increase.<\/li>\n\n\n\n
- Or will the pullback phase lack follow-through selling, trading sideways with long tails below candlesticks or bull bodies instead?<\/li>\n\n\n\n
- 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
Market analysis reports archive<\/h3>\n\n\n\n
- Last week<\/a>, we said traders would see if the bears could create a strong bear entry bar, or if the market would trade slightly lower, but lack follow-through selling, closing with a long tail or a bull body instead.<\/li>\n\n\n\n