{"id":245505,"date":"2025-07-27T01:30:00","date_gmt":"2025-07-27T08:30:00","guid":{"rendered":"https:\/\/www.brookstradingcourse.com\/?p=245505"},"modified":"2025-07-27T01:08:13","modified_gmt":"2025-07-27T08:08:13","slug":"weekly-eurusd-retest-of-recent-high","status":"publish","type":"post","link":"https:\/\/www.brookstradingcourse.com\/es\/analysis\/weekly-eurusd-retest-of-recent-high\/","title":{"rendered":"Weekly EURUSD Retest of Recent High"},"content":{"rendered":"\n<h2 class=\"wp-block-heading\">Market Overview: EURUSD Forex<\/h2>\n\n\n\n<p>The market is forming a weekly EURUSD retest of recent high. The bulls want another leg up to form the wedge pattern, with the first two legs being April 21 and July 1 highs. The bears want a lower high major trend reversal and a small 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\/07\/EURUSD-Weekly-Retest-High-Bulls-Need-FT-Buying-680x383.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"680\" height=\"383\" src=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/07\/EURUSD-Weekly-Retest-High-Bulls-Need-FT-Buying-680x383.jpg\" alt=\"EURUSD Weekly - Retest High, Bulls Need FT Buying, Weekly EURUSD Retest of Recent High\" class=\"wp-image-245703\" title=\"\" srcset=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/07\/EURUSD-Weekly-Retest-High-Bulls-Need-FT-Buying-680x383.jpg 680w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/07\/EURUSD-Weekly-Retest-High-Bulls-Need-FT-Buying-300x169.jpg 300w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/07\/EURUSD-Weekly-Retest-High-Bulls-Need-FT-Buying-768x432.jpg 768w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/07\/EURUSD-Weekly-Retest-High-Bulls-Need-FT-Buying-1536x864.jpg 1536w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/07\/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 candlestick 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 in its upper half with a prominent tail above.<\/li>\n\n\n\n<li><a href=\"https:\/\/www.brookstradingcourse.com\/analysis\/weekly-eurusd-minor-pullback\/\" target=\"_blank\" rel=\"noreferrer noopener\">Last week<\/a>, we said traders would see if the bears could create strong follow-through selling, or if the move would lack strong follow-through selling and be followed by a retest of the recent leg high (Jul 1) in the weeks ahead instead.<\/li>\n\n\n\n<li>The market formed a retest of the July 1 high this week, a lower high.<\/li>\n\n\n\n<li>The bears see the recent move (Jul 1) as a bull leg and a buy vacuum test of the multi-year trading range high.<\/li>\n\n\n\n<li>They want a reversal from a wedge pattern (Mar 18, Apr 21, and Jul 1) and an embedded wedge (May 26, Jun 12, and Jul 1).<\/li>\n\n\n\n<li>They want the upper third of the multi-year trading range, or the May 2021 high, to act as a resistance area.<\/li>\n\n\n\n<li>They want the move to form a lower high (vs May 2021).<\/li>\n\n\n\n<li>They see the current move as a retest of the prior trend\u2019s extreme high (Jul 1) and want a lower high major trend reversal.<\/li>\n\n\n\n<li>They want a TBTL (Ten Bars, Two Legs) pullback lasting a few weeks.<\/li>\n\n\n\n<li>The bulls got a strong move up in the form of a tight bull channel.<\/li>\n\n\n\n<li>They want another leg up to form the wedge pattern, with the first two legs being April 21 and July 1 highs.<\/li>\n\n\n\n<li>They want 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<li>They want a retest of the recent leg extreme high (Jul 1), followed by a strong breakout. The move could be underway.<\/li>\n\n\n\n<li>If there is a pullback, they want the July 17 low to act as support, forming a small double bottom bull flag.<\/li>\n\n\n\n<li>The move up (Jul 1) is in a tight bull channel with stronger buying pressure (big bull bars, consecutive bull bars) vs weaker selling pressure (bear bars with limited follow-through selling).<\/li>\n\n\n\n<li>The recent pullback (Jul 17) is relatively weaker compared to the prior leg up (May 12 to Jul 1). The odds slightly favor the pullback to be minor.<\/li>\n\n\n\n<li>The market remains Always In Long.<\/li>\n\n\n\n<li>For now, traders will see if the bulls can create follow-through buying and a breakout above the July 1 high.<\/li>\n\n\n\n<li>Or will the market stall around the July 1 high area instead? If this is the case, the market may form a second leg sideways to down to retest the July 17 low.<\/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\/07\/EURUSD-Daily-Bulls-Need-BO-Bears-Want-2nd-Leg.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"680\" height=\"383\" src=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/07\/EURUSD-Daily-Bulls-Need-BO-Bears-Want-2nd-Leg-680x383.jpg\" alt=\"EURUSD Daily - Bulls Need BO, Bears Want 2nd Leg\" class=\"wp-image-245709\" title=\"\" srcset=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/07\/EURUSD-Daily-Bulls-Need-BO-Bears-Want-2nd-Leg-680x383.jpg 680w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/07\/EURUSD-Daily-Bulls-Need-BO-Bears-Want-2nd-Leg-300x169.jpg 300w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/07\/EURUSD-Daily-Bulls-Need-BO-Bears-Want-2nd-Leg-768x432.jpg 768w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/07\/EURUSD-Daily-Bulls-Need-BO-Bears-Want-2nd-Leg-1536x864.jpg 1536w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/07\/EURUSD-Daily-Bulls-Need-BO-Bears-Want-2nd-Leg.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 higher in the first half of the week. Thursday and Friday formed a small pullback.<\/li>\n\n\n\n<li><a href=\"https:\/\/www.brookstradingcourse.com\/analysis\/weekly-eurusd-minor-pullback\/\" target=\"_blank\" rel=\"noreferrer noopener\">Last week<\/a>, we said traders would see if the pullback (Jul 17) would be deep with strong follow-through selling, or be more sideways and weaker (overlapping ranges, bull bars, doji(s), prominent tails below candlesticks) instead.<\/li>\n\n\n\n<li>The pullback had a lot of overlapping ranges, which indicates the bears are not yet strong.<\/li>\n\n\n\n<li>The bears view the recent rally as forming a large wedge pattern (Mar 18, Apr 21, and Jul 1) and an embedded wedge in the third leg up (May 26, Jun 12, and Jul 1).<\/li>\n\n\n\n<li>They view this week as a retest of the prior trend\u2019s extreme high, forming a lower high major trend reversal and a small double top (Jul 1 and Jul 25).<\/li>\n\n\n\n<li>They want a second leg sideways to down to retest the July 17 low.<\/li>\n\n\n\n<li>They must create strong consecutive bear bars trading far below the 20-day EMA to show they are back in control.<\/li>\n\n\n\n<li>The bulls 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 near the 2021 high area.<\/li>\n\n\n\n<li>They want another leg up to form the larger wedge pattern, with the first two legs being April 21 and July 1 highs.<\/li>\n\n\n\n<li>They see the recent move (Jul 17) as a pullback and hope that it has alleviated the overbought condition.<\/li>\n\n\n\n<li>They want a retest and breakout above the July 1 high, followed by a resumption of the trend. The move could be underway.<\/li>\n\n\n\n<li>If the market trades lower, they want the July 17 low to act as support, forming a double bottom bull flag.<\/li>\n\n\n\n<li>The move up (Jul 1) was strong (in a tight bull channel), which means strong bulls.<\/li>\n\n\n\n<li>The recent pullback (Jul 17) was relatively weaker compared to the prior leg up (May 12 to Jul 1). The pullback may only be minor.<\/li>\n\n\n\n<li>For now, traders will see if the bulls can create strong follow-through buying and a breakout above the July 1 high.<\/li>\n\n\n\n<li>Or will the market stall around the July 1 high area, followed by a second leg sideways to down instead?<\/li>\n\n\n\n<li>Odds slightly favor the market to be in the sideways to up phase.<\/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 weekly EURUSD retest of recent high. The bulls want another leg up to form the wedge pattern, with the first two legs being April 21 and July 1 highs. The bears want a lower high major trend reversal and a small double top. EURUSD Forex market [&hellip;]<\/p>\n","protected":false},"author":2836,"featured_media":245703,"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-245505","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\/07\/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\/245505","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=245505"}],"version-history":[{"count":0,"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/posts\/245505\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/media\/245703"}],"wp:attachment":[{"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/media?parent=245505"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/categories?post=245505"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/tags?post=245505"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}