{"id":237620,"date":"2025-05-25T01:30:00","date_gmt":"2025-05-25T08:30:00","guid":{"rendered":"https:\/\/www.brookstradingcourse.com\/?p=237620"},"modified":"2025-05-24T23:48:47","modified_gmt":"2025-05-25T06:48:47","slug":"eurusd-retest-of-the-april-21-high","status":"publish","type":"post","link":"https:\/\/www.brookstradingcourse.com\/es\/analysis\/eurusd-retest-of-the-april-21-high\/","title":{"rendered":"EURUSD Retest of the April 21 High"},"content":{"rendered":"\n<h2 class=\"wp-block-heading\">Market Overview: EURUSD Forex<\/h2>\n\n\n\n<p>The market is forming a EURUSD retest of the April 21 high following the recent pullback. The bulls must create strong follow-through buying over the next few weeks to increase the odds of a successful breakout. The bears see the current move as a retest of the April 21 high and want it to form a lower high major trend reversal or a double top.<\/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\/05\/EURUSD-Weekly-Retest-High-Bulls-Need-FT-Buying.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"680\" height=\"383\" src=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/05\/EURUSD-Weekly-Retest-High-Bulls-Need-FT-Buying-680x383.jpg\" alt=\"EURUSD Weekly - Retest High, Bulls Need FT Buying, Eurusd Retest of the April 21 High\" class=\"wp-image-237766\" title=\"\" srcset=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/05\/EURUSD-Weekly-Retest-High-Bulls-Need-FT-Buying-680x383.jpg 680w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/05\/EURUSD-Weekly-Retest-High-Bulls-Need-FT-Buying-300x169.jpg 300w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/05\/EURUSD-Weekly-Retest-High-Bulls-Need-FT-Buying-768x432.jpg 768w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/05\/EURUSD-Weekly-Retest-High-Bulls-Need-FT-Buying-1536x864.jpg 1536w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/05\/EURUSD-Weekly-Retest-High-Bulls-Need-FT-Buying.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.<\/li>\n\n\n\n<li><a href=\"https:\/\/www.brookstradingcourse.com\/analysis\/eurusd-pullback-into-the-trading-range\/\" target=\"_blank\" rel=\"noreferrer noopener\">Last week<\/a>, we said traders would see if the bears could create more follow-through selling, testing the middle of the trading range, or if the market would stall and retest the April 21 high over the next few weeks, even if it only forms a lower high.<\/li>\n\n\n\n<li>The market is forming a retest of the April 21 high.<\/li>\n\n\n\n<li>The bears see the rally to the April 21 high as a large 2-legged bull leg and a buy vacuum test of the trading range high.<\/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 recently got a pullback trading back into the trading range in a 4-bar bear microchannel.<\/li>\n\n\n\n<li>They see the current move as a retest of the April 21 high and want it to form a lower high major trend reversal or a double top.<\/li>\n\n\n\n<li>They want at least a small sideways to down leg to retest the May 12 low.<\/li>\n\n\n\n<li>The bulls want a retest of the April 21 high, followed by a strong breakout and 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<li>They see the recent pullback (May 12) as a 50% pullback of the move which started from the March 27 low.<\/li>\n\n\n\n<li>They want another leg up to complete the wedge pattern, with the first two legs being March 18 and April 21.<\/li>\n\n\n\n<li>They must create strong follow-through buying over the next few weeks to increase the odds of a successful breakout.<\/li>\n\n\n\n<li>The move up (Feb 28 low to Apr 21 high) was in a tight bull channel with big bull bars.<\/li>\n\n\n\n<li>The pullback from the April 21 high to the May 12 low, while persistent, was relatively weaker than the leg up before it (Mar 27 low to Apr 21 high).<\/li>\n\n\n\n<li>Most breakouts from trading ranges fail. Markets have inertia and tend to continue what they have been doing.<\/li>\n\n\n\n<li>That means trading ranges (and trends) are resistant to change and tend to continue.<\/li>\n\n\n\n<li>The bulls must create strong follow-through buying to retest the April 21 high to increase the odds of a successful breakout.<\/li>\n\n\n\n<li>If the market trades slightly higher but lacks strong follow-through buying (overlapping candlesticks, doji(s), inside bars, long tails above candlesticks), and forms a lower high, the odds of a lower high major trend reversal or a double top will increase.<\/li>\n\n\n\n<li>For now, traders will see if the bulls can create a follow-through bull bar testing near the April 21 high.<\/li>\n\n\n\n<li>Or will the market lack follow-through buying?<\/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\/05\/EURUSD-Daily-Bulls-Need-FT-Buying-Bears-Want-2nd-Leg-Down.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"680\" height=\"383\" src=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/05\/EURUSD-Daily-Bulls-Need-FT-Buying-Bears-Want-2nd-Leg-Down-680x383.jpg\" alt=\"EURUSD Daily - Bulls Need FT Buying, Bears Want 2nd Leg Down\" class=\"wp-image-237769\" title=\"\" srcset=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/05\/EURUSD-Daily-Bulls-Need-FT-Buying-Bears-Want-2nd-Leg-Down-680x383.jpg 680w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/05\/EURUSD-Daily-Bulls-Need-FT-Buying-Bears-Want-2nd-Leg-Down-300x169.jpg 300w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/05\/EURUSD-Daily-Bulls-Need-FT-Buying-Bears-Want-2nd-Leg-Down-768x432.jpg 768w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/05\/EURUSD-Daily-Bulls-Need-FT-Buying-Bears-Want-2nd-Leg-Down-1536x864.jpg 1536w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/05\/EURUSD-Daily-Bulls-Need-FT-Buying-Bears-Want-2nd-Leg-Down.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 traded sideways to up above the 20-day EMA for the week.<\/li>\n\n\n\n<li><a href=\"https:\/\/www.brookstradingcourse.com\/analysis\/eurusd-pullback-into-the-trading-range\/\" target=\"_blank\" rel=\"noreferrer noopener\">Last week<\/a>, we said traders would see if the bears could create more bear bars, testing the middle of the trading range or if the market would begin to stall, forming a retest of the April 21 high within the next few weeks, even if it only forms a lower high.<\/li>\n\n\n\n<li>The retest of the April 21 high has begun.<\/li>\n\n\n\n<li>The bulls want a retest of the April 21 high, followed by a strong breakout and a measured move based on the height of the trading range. That would take the market to near the 2021 high area.<\/li>\n\n\n\n<li>They want the third leg up to complete the large wedge pattern, with the first two legs being March 18 and April 21.<\/li>\n\n\n\n<li>They must continue to create more bull bars to increase the odds of a retest and breakout above the April 21 high.<\/li>\n\n\n\n<li>If the market trades lower, they want the 20-day EMA or the bull trend line to be support areas, forming a double bottom bull flag (May 12).<\/li>\n\n\n\n<li>The bears see the rally to the April 21 high as a large 2-legged bull leg and a buy vacuum test of the trading range high.<\/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 recently got a pullback into the trading range from a wedge pattern (Mar 18, Apr 3, and Apr 21).<\/li>\n\n\n\n<li>They see the current move as a retest of the prior high (Apr 21) and want it to form a lower high major trend reversal and a double top.<\/li>\n\n\n\n<li>They see a wedge pattern in the current leg (May 14, May 21, and May 23) and a double top bear flag (May 5 and May 23).<\/li>\n\n\n\n<li>They want at least a small sideways to down leg to retest the recent leg low (May 12).<\/li>\n\n\n\n<li>The move from the February 28 low to the April 21 high was strong, with big consecutive bull bars.<\/li>\n\n\n\n<li>The move could still be a bull leg and a buy vacuum in the trading range.<\/li>\n\n\n\n<li>The pullback which started from the April 21 high to the May 12 low, while moderate in strength (has overlapping ranges), was persistent.<\/li>\n\n\n\n<li>Markets have inertia, and odds slightly favor the trading range to continue.<\/li>\n\n\n\n<li>For now, traders will see if the bulls can create strong follow-through buying, testing the April 21 high.<\/li>\n\n\n\n<li>Or will the move be weak (overlapping candlesticks, doji(s), bear bars, long tails above candlesticks), forming a lower high instead?<\/li>\n\n\n\n<li>If the retest of the April 21 high is weak, the odds of a lower high major trend reversal or a double top will increase.<\/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 market is forming a EURUSD retest of the April 21 high following the recent pullback. The bulls must create strong follow-through buying over the next few weeks to increase the odds of a successful breakout. The bears see the current move as a retest of the April 21 high and [&hellip;]<\/p>\n","protected":false},"author":2836,"featured_media":237766,"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-237620","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\/05\/EURUSD-Weekly-Retest-High-Bulls-Need-FT-Buying.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\/237620","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=237620"}],"version-history":[{"count":0,"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/posts\/237620\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/media\/237766"}],"wp:attachment":[{"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/media?parent=237620"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/categories?post=237620"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/tags?post=237620"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}