The Weekly<\/em> EURUSD chart<\/h3>\n\n\n\n![\"EURUSD](\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/11\/EURUSD-Weekly-Wedge-Bull-Flag-in-Trading-Range-680x383.jpg\" "\\"\\"")
<\/a><\/figure>\n\n\n\n<\/div>\n\n\n\n\n- This week\u2019s EURUSD candlestick was a bull bar closing in its upper half, with a small tail above and a long tail below.<\/li>\n\n\n\n
- Last week<\/a> we said traders were watching whether bears could create consecutive bear bars closing far below the 20-week EMA (something not seen since February), or if the pullback would stay sideways with weak follow-through selling, followed by a reversal above the 20-week EMA.<\/li>\n\n\n\n
- The market traded lower in the first half of the week but reversed higher from Thursday onwards. Bears did not get sustained follow-through selling.<\/li>\n\n\n\n
- Bears want the upper third of the multi-year trading range to act as resistance, forming a lower high relative to January 2021. So far, this remains the case.<\/li>\n\n\n\n
- They are looking for a reversal from a higher-high major trend (Sep 17) and a wedge top (Apr 21, Jul 1, Sep 17).<\/li>\n\n\n\n
- The pullback is forming an 8-bar bear microchannel, showing persistent selling pressure.<\/li>\n\n\n\n
- There may be sellers above the first pullback from this bear microchannel.<\/li>\n\n\n\n
- If the market trades higher, bears want it to form a lower-high major trend reversal (relative to Sep 17).<\/li>\n\n\n\n
- Bears need consecutive strong bear bars closing near their lows, breaking decisively below both the 20-week EMA and the Aug 1 low, to increase the odds of a trend reversal.<\/li>\n\n\n\n
- Bulls see the current move as a pullback within a broader bull trend.<\/li>\n\n\n\n
- They want the 20-week EMA and the Aug low area to act as support, forming a large double bottom bull flag with the Aug 1 low.<\/li>\n\n\n\n
- They see a wedge bull flag (Sep 25, Oct 9, Nov 5) forming and want a strong break above the bear microchannel to resume the trend.<\/li>\n\n\n\n
- Bulls will need strong consecutive bull bars breaking decisively above the bear microchannel and the 20-week EMA to show they have regained control.<\/li>\n\n\n\n
- The market has been in a trading range for the past 21 weeks.<\/li>\n\n\n\n
- Traders may continue to Buy Low, Sell High (BLSH) within this range \u2014 buying near the lower third and selling near the upper third \u2014 until there is a clear breakout with follow-through in either direction.<\/li>\n\n\n\n
- For now, traders will watch if bulls can create a strong breakout above the 8-bar bear microchannel and the 20-week EMA.<\/li>\n\n\n\n
- Or will the market stall around the 20-week EMA, followed by more follow-through selling?<\/li>\n\n\n\n
- The move from the Sep 17 high to the Nov 5 low appears to be a bear leg within the trading range.<\/li>\n\n\n\n
- Odds slightly favor the pullback being minor for now.<\/li>\n<\/ul>\n\n\n\n
The Daily<\/em> EURUSD chart<\/h3>\n\n\n\n![\"EURUSD](\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/11\/EURUSD-Daily-Wedge-Bull-Flag-in-Trading-Range-680x383.jpg\" "\\"\\"")
<\/a><\/figure>\n\n\n\n
![\"EURUSD](\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/11\/EURUSD-Weekly-Wedge-Bull-Flag-in-Trading-Range.jpg\" "\\"\\"")
<\/a><\/figure>\n\n\n\n<\/div>\n\n\n\n
- \n
- This week\u2019s EURUSD candlestick was a bull bar closing in its upper half, with a small tail above and a long tail below.<\/li>\n\n\n\n
- Last week<\/a> we said traders were watching whether bears could create consecutive bear bars closing far below the 20-week EMA (something not seen since February), or if the pullback would stay sideways with weak follow-through selling, followed by a reversal above the 20-week EMA.<\/li>\n\n\n\n
- The market traded lower in the first half of the week but reversed higher from Thursday onwards. Bears did not get sustained follow-through selling.<\/li>\n\n\n\n
- Bears want the upper third of the multi-year trading range to act as resistance, forming a lower high relative to January 2021. So far, this remains the case.<\/li>\n\n\n\n
- They are looking for a reversal from a higher-high major trend (Sep 17) and a wedge top (Apr 21, Jul 1, Sep 17).<\/li>\n\n\n\n
- The pullback is forming an 8-bar bear microchannel, showing persistent selling pressure.<\/li>\n\n\n\n
- There may be sellers above the first pullback from this bear microchannel.<\/li>\n\n\n\n
- If the market trades higher, bears want it to form a lower-high major trend reversal (relative to Sep 17).<\/li>\n\n\n\n
- Bears need consecutive strong bear bars closing near their lows, breaking decisively below both the 20-week EMA and the Aug 1 low, to increase the odds of a trend reversal.<\/li>\n\n\n\n
- Bulls see the current move as a pullback within a broader bull trend.<\/li>\n\n\n\n
- They want the 20-week EMA and the Aug low area to act as support, forming a large double bottom bull flag with the Aug 1 low.<\/li>\n\n\n\n
- They see a wedge bull flag (Sep 25, Oct 9, Nov 5) forming and want a strong break above the bear microchannel to resume the trend.<\/li>\n\n\n\n
- Bulls will need strong consecutive bull bars breaking decisively above the bear microchannel and the 20-week EMA to show they have regained control.<\/li>\n\n\n\n
- The market has been in a trading range for the past 21 weeks.<\/li>\n\n\n\n
- Traders may continue to Buy Low, Sell High (BLSH) within this range \u2014 buying near the lower third and selling near the upper third \u2014 until there is a clear breakout with follow-through in either direction.<\/li>\n\n\n\n
- For now, traders will watch if bulls can create a strong breakout above the 8-bar bear microchannel and the 20-week EMA.<\/li>\n\n\n\n
- Or will the market stall around the 20-week EMA, followed by more follow-through selling?<\/li>\n\n\n\n
- The move from the Sep 17 high to the Nov 5 low appears to be a bear leg within the trading range.<\/li>\n\n\n\n
- Odds slightly favor the pullback being minor for now.<\/li>\n<\/ul>\n\n\n\n
The Daily<\/em> EURUSD chart<\/h3>\n\n\n\n
<\/a><\/figure>\n\n\n\n