{"id":248793,"date":"2025-08-31T01:30:00","date_gmt":"2025-08-31T08:30:00","guid":{"rendered":"https:\/\/www.brookstradingcourse.com\/?p=248793"},"modified":"2025-08-30T22:20:01","modified_gmt":"2025-08-31T05:20:01","slug":"no-eurusd-follow-through-selling","status":"publish","type":"post","link":"https:\/\/www.brookstradingcourse.com\/es\/analysis\/no-eurusd-follow-through-selling\/","title":{"rendered":"No EURUSD Follow-through Selling"},"content":{"rendered":"\n<h2 class=\"wp-block-heading\">Market Overview: EURUSD Forex<\/h2>\n\n\n\n<p>There was no EURUSD follow-through selling on the monthly chart in August. The bears want the bear trend line and the upper third of the multi-year trading range to be areas of resistance. The bulls view the move in July as a pullback and want a retest of the recent leg extreme high (Jul 1), followed by a strong breakout above.<\/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>Monthly<\/em> EURUSD Forex 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-Monthly-No-FT-Selling-Bears-Want-Lower-High.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"680\" height=\"383\" src=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/08\/EURUSD-Monthly-No-FT-Selling-Bears-Want-Lower-High-680x383.jpg\" alt=\"EURUSD Monthly - No FT Selling, Bears Want Lower High, No EURUSD Follow-through Selling\" class=\"wp-image-248977\" title=\"\" srcset=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/08\/EURUSD-Monthly-No-FT-Selling-Bears-Want-Lower-High-680x383.jpg 680w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/08\/EURUSD-Monthly-No-FT-Selling-Bears-Want-Lower-High-300x169.jpg 300w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/08\/EURUSD-Monthly-No-FT-Selling-Bears-Want-Lower-High-768x432.jpg 768w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/08\/EURUSD-Monthly-No-FT-Selling-Bears-Want-Lower-High-1536x864.jpg 1536w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/08\/EURUSD-Monthly-No-FT-Selling-Bears-Want-Lower-High.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 August monthly EURUSD candlestick was a bull bar closing in its upper half with a small tail above, testing near the July 1 high.<\/li>\n\n\n\n<li><a href=\"https:\/\/www.brookstradingcourse.com\/analysis\/monthly-eurusd-pullback-below-bull-microchannel\/\" target=\"_blank\" rel=\"noreferrer noopener\">Last month<\/a>, we said there could be buyers below the first pullback from the 6-bar bull micro channel. Traders would see if the bears could create a follow-through bear bar, or if the market would form a retest of the July 1 high instead.<\/li>\n\n\n\n<li>Previously, the bulls had a breakout above the trading range with follow-through buying in June.<\/li>\n\n\n\n<li>They want a strong breakout and 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 view the move in July as a pullback and want a retest of the recent leg extreme high (Jul 1), followed by a strong breakout above.<\/li>\n\n\n\n<li>The move up (since Jan 13 low) is in a tight bull channel, indicating persistent buying.<\/li>\n\n\n\n<li>If there is a pullback, they want the August low area to act as support.<\/li>\n\n\n\n<li>The bears see the rally as a bull leg and a buy vacuum test of the 2021 high.<\/li>\n\n\n\n<li>They want the market to form a major lower high (vs Jan 2021 high), followed by a retest of the middle of the trading range.<\/li>\n\n\n\n<li>They want the bear trend line and the upper third of the multi-year trading range to be areas of resistance.<\/li>\n\n\n\n<li>They must create strong consecutive bear bars to show they are back in control.<\/li>\n\n\n\n<li>Since August was a bull bar closing in its upper half, it can be a buy signal bar for September.<\/li>\n\n\n\n<li>The buying pressure since the January low is stronger (tight bull channel) compared to the weaker selling pressure (bear bar with no follow-through selling).<\/li>\n\n\n\n<li>The market may trade at least a little higher to retest near the July 1 high.<\/li>\n\n\n\n<li>For now, traders will see if the bulls can create a retest and breakout above the July 1 high.<\/li>\n\n\n\n<li>Or will the market trade slightly higher but stall around the July 1 high area instead?<\/li>\n<\/ul>\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-Strong-Bull-Bars.jpg\"><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-Strong-Bull-Bars-680x383.jpg\" alt=\"EURUSD Weekly - No FT Selling, Bulls Need Strong Bull Bars\" class=\"wp-image-248980\" title=\"\" srcset=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/08\/EURUSD-Weekly-No-FT-Selling-Bulls-Need-Strong-Bull-Bars-680x383.jpg 680w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/08\/EURUSD-Weekly-No-FT-Selling-Bulls-Need-Strong-Bull-Bars-300x169.jpg 300w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/08\/EURUSD-Weekly-No-FT-Selling-Bulls-Need-Strong-Bull-Bars-768x432.jpg 768w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/08\/EURUSD-Weekly-No-FT-Selling-Bulls-Need-Strong-Bull-Bars-1536x864.jpg 1536w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/08\/EURUSD-Weekly-No-FT-Selling-Bulls-Need-Strong-Bull-Bars.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> had a small bear body closing in its upper half with a long tail below.<\/li>\n\n\n\n<li><a href=\"https:\/\/www.brookstradingcourse.com\/analysis\/eurusd-bulls-want-a-trend-resumption\/\" 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 there was no follow-through selling (again).<\/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>The bear attempted to trade lower over the last two weeks, but in both cases, follow-through selling was limited (Aug 22 and Aug 27).<\/li>\n\n\n\n<li>They must create strong consecutive bear bars to show they are back in control.<\/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>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 resumption of the trend from a double bottom bull flag (Jul 17 and Aug 1) and a wedge bull flag (Jul 17, Aug 1, and Aug 27).<\/li>\n\n\n\n<li>The bulls need to create strong consecutive bull bars to increase the odds of a resumption of the trend.<\/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) consists of overlapping candlesticks, bull bars, and prominent tails below candlesticks.<\/li>\n\n\n\n<li>The market traded below the prior week\u2019s low, but there was no follow-through selling, like last week. 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 strong bull bars, followed by a breakout 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 bear bars instead?<\/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>For now, the pullback (Aug 1) appears to be minor.<\/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\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Market Overview: EURUSD Forex There was no EURUSD follow-through selling on the monthly chart in August. The bears want the bear trend line and the upper third of the multi-year trading range to be areas of resistance. The bulls view the move in July as a pullback and want a retest of the recent leg [&hellip;]<\/p>\n","protected":false},"author":2836,"featured_media":248980,"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-248793","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\/08\/EURUSD-Weekly-No-FT-Selling-Bulls-Need-Strong-Bull-Bars.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\/248793","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=248793"}],"version-history":[{"count":0,"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/posts\/248793\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/media\/248980"}],"wp:attachment":[{"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/media?parent=248793"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/categories?post=248793"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/tags?post=248793"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}