{"id":248169,"date":"2025-08-24T01:30:00","date_gmt":"2025-08-24T08:30:00","guid":{"rendered":"https:\/\/www.brookstradingcourse.com\/?p=248169"},"modified":"2025-08-24T01:31:44","modified_gmt":"2025-08-24T08:31:44","slug":"eurusd-bulls-want-a-trend-resumption","status":"publish","type":"post","link":"https:\/\/www.brookstradingcourse.com\/es\/analysis\/eurusd-bulls-want-a-trend-resumption\/","title":{"rendered":"EURUSD Bulls Want a Trend Resumption"},"content":{"rendered":"\n<h2 class=\"wp-block-heading\">Market Overview: EURUSD Forex<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">The <strong>EURUSD <\/strong>bulls want a trend resumption to form the larger wedge pattern, with the first two legs being April 21 and July 1 highs. If the market trades higher, the bears want it to form a double top with the July 1 high.<\/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\/08\/EURUSD-Weekly-No-FT-Selling-Bulls-Need-FT-Buying.jpg\" target=\"_blank\" rel=\" noreferrer noopener\"><img loading=\"lazy\" decoding=\"async\" width=\"680\" height=\"383\" src=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/08\/EURUSD-Weekly-No-FT-Selling-Bulls-Need-FT-Buying-680x383.jpg\" alt=\"EURUSD Weekly - No FT Selling, Bulls Need FT Buying, EURUSD Bulls Want a Trend Resumption\" class=\"wp-image-248339\" title=\"\" srcset=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/08\/EURUSD-Weekly-No-FT-Selling-Bulls-Need-FT-Buying-680x383.jpg 680w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/08\/EURUSD-Weekly-No-FT-Selling-Bulls-Need-FT-Buying-300x169.jpg 300w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/08\/EURUSD-Weekly-No-FT-Selling-Bulls-Need-FT-Buying-768x432.jpg 768w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/08\/EURUSD-Weekly-No-FT-Selling-Bulls-Need-FT-Buying-1536x864.jpg 1536w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/08\/EURUSD-Weekly-No-FT-Selling-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 week\u2019s candlestick on the <a href=\"https:\/\/www.investing.com\/currencies\/eur-usd\" rel=\"noopener\">weekly EURUSD Forex chart<\/a> was an outside bull doji with a long tail below.<\/li>\n\n\n\n<li><a href=\"https:\/\/www.brookstradingcourse.com\/analysis\/weekly-eurusd-bulls-want-follow-through-buying\/\" target=\"_blank\" rel=\"noreferrer noopener\">Last week<\/a>, we said the pullback (Aug 1) appears to be minor. Traders would see if the bulls could create more follow-through buying, or if the market would continue to stall below the July 24 high, followed by bear bars instead.<\/li>\n\n\n\n<li>The market traded below the prior week\u2019s low but reversed to close in its upper half on Friday.<\/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. They want the move to form a lower high (vs Jan 2021).<\/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 a TBTL (Ten Bars, Two Legs) pullback lasting a few weeks.<\/li>\n\n\n\n<li>They want another leg down to form the wedge pattern (with the first two legs being Jul 17 and Aug 1 lows) from a double top bear flag (Jul 24 and Aug 22).<\/li>\n\n\n\n<li>If the market trades higher, they want it to form a double top with the July 1 high.<\/li>\n\n\n\n<li>They need to create strong bear bars to show they are back in control.<\/li>\n\n\n\n<li>Previously, the bulls got a strong move in a tight bull channel.<\/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 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 see the recent move (Aug 1) as a two-legged pullback and hope that it has alleviated the recent 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 from a double bottom bull flag (Jul 17 and Aug 1) and a 20-gap bar buy setup.<\/li>\n\n\n\n<li>They want the 20-week EMA and the bull trend line to act as supports.<\/li>\n\n\n\n<li>The bulls need to create more follow-through buying to increase the odds of a resumption of the move.<\/li>\n\n\n\n<li>So far, the move up (Jul 1) was in a tight bull channel, which means strong bulls.<\/li>\n\n\n\n<li>The recent pullback (Aug 1) has overlapping candlesticks, bull bars, and prominent tails below candlesticks. This week, the market traded below the prior week\u2019s low, but there was no follow-through selling.<\/li>\n\n\n\n<li>The bears are not yet as strong as they had hoped.<\/li>\n\n\n\n<li>Traders will see if the bulls can create more follow-through buying, followed by a breakout above the July 1 high.<\/li>\n\n\n\n<li>If the pullback (Aug 1) remains weak (sideways with overlapping ranges, bull bars, prominent tails below candlesticks) and holding above the 20-week EMA, the odds of a retest and breakout above the July 1 high will increase soon.<\/li>\n\n\n\n<li>Or will the market continue to stall below the July 24 high, followed by bear bars instead?<\/li>\n\n\n\n<li>For now, the pullback (Aug 1) appears to be minor.<\/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\/08\/EURUSD-Daily-Bulls-Need-FT-Buying.jpg\" target=\"_blank\" rel=\" noreferrer noopener\"><img loading=\"lazy\" decoding=\"async\" width=\"680\" height=\"383\" src=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/08\/EURUSD-Daily-Bulls-Need-FT-Buying-680x383.jpg\" alt=\"EURUSD Daily - Bulls Need FT Buying\" class=\"wp-image-248342\" title=\"\" srcset=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/08\/EURUSD-Daily-Bulls-Need-FT-Buying-680x383.jpg 680w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/08\/EURUSD-Daily-Bulls-Need-FT-Buying-300x169.jpg 300w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/08\/EURUSD-Daily-Bulls-Need-FT-Buying-768x432.jpg 768w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/08\/EURUSD-Daily-Bulls-Need-FT-Buying-1536x864.jpg 1536w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/08\/EURUSD-Daily-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>The market traded lower, closing below the 20-day EMA. Friday traded slightly lower but reversed into a big outside bull bar, closing near its high.<\/li>\n\n\n\n<li><a href=\"https:\/\/www.brookstradingcourse.com\/analysis\/weekly-eurusd-bulls-want-follow-through-buying\/\" target=\"_blank\" rel=\"noreferrer noopener\">Last week<\/a>, we said the pullback (Aug 1) may only be minor. Traders would see if the bulls could create more follow-through buying to retest the July 1 high, or if the market would stall below the July 24 high, followed by a third leg sideways to down instead.<\/li>\n\n\n\n<li>The bears got a two-legged pullback (Aug 1) following the large wedge pattern (Mar 18, Apr 21, and Jul 1) and embedded wedge (May 26, Jun 12, and Jul 1).<\/li>\n\n\n\n<li>They want another leg down from a wedge bear flag (Aug 1, Aug 7, and Aug 13) and a larger double top bear flag (Jul 24 and Aug 13), but the follow-through selling (Aug 22) has been limited.<\/li>\n\n\n\n<li>If the market trades higher, they want the July 24 or July 1 highs to act as resistance areas.<\/li>\n\n\n\n<li>They must create strong consecutive bear bars trading far below the 20-day EMA and the bear trend line to show they are back in control.<\/li>\n\n\n\n<li>The bulls 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 see the recent move (Aug 1) as a two-legged pullback and hope that it has alleviated the prior overbought condition.<\/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>The next target for the bulls is the July 1 high, followed by a breakout and a resumption of the trend.<\/li>\n\n\n\n<li>They want the 20-day EMA to act as support.<\/li>\n\n\n\n<li>The prior move (Jul 1) was strong (in a tight bull channel), which means strong bulls.<\/li>\n\n\n\n<li>The recent pullback (Aug 1) appears relatively weaker compared to the prior leg up (May 12 to Jul 1).<\/li>\n\n\n\n<li>The sideways to down move this week (Aug 22) also lacked follow-through selling below the 20-day EMA.<\/li>\n\n\n\n<li>For now, the pullback (Aug 1) may only be minor.<\/li>\n\n\n\n<li>The bulls need to create strong consecutive bull bars to increase the odds of another leg up.<\/li>\n\n\n\n<li>Traders will see if the bulls can create more follow-through buying to retest and break above the July 1 high.<\/li>\n\n\n\n<li>Or will the market continue to stall below the July 24 high, followed by a third leg sideways to down in the weeks ahead instead?<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">Market analysis reports archive<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">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 want a trend resumption to form the larger wedge pattern, with the first two legs being April 21 and July 1 highs. If the market trades higher, the bears want it to form a double top with the July 1 high. EURUSD Forex market The Weekly EURUSD chart [&hellip;]<\/p>\n","protected":false},"author":2836,"featured_media":248339,"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":["post-248169","post","type-post","status-publish","format-standard","has-post-thumbnail","category-forex","category-analysis","tag-eurusd-forex","entry","override","shadow"],"featured_image_src":"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/08\/EURUSD-Weekly-No-FT-Selling-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\/248169","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=248169"}],"version-history":[{"count":0,"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/posts\/248169\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/media\/248339"}],"wp:attachment":[{"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/media?parent=248169"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/categories?post=248169"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/tags?post=248169"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}