{"id":263694,"date":"2026-02-22T01:30:00","date_gmt":"2026-02-22T09:30:00","guid":{"rendered":"https:\/\/www.brookstradingcourse.com\/?p=263694"},"modified":"2026-02-21T23:41:08","modified_gmt":"2026-02-22T07:41:08","slug":"eurusd-two-legged-sideways-pullback","status":"publish","type":"post","link":"https:\/\/www.brookstradingcourse.com\/es\/analysis\/eurusd-two-legged-sideways-pullback\/","title":{"rendered":"EURUSD Two-Legged Sideways Pullback"},"content":{"rendered":"\n<h2 class=\"wp-block-heading\">Market Overview: EURUSD Forex<\/h2>\n\n\n\n<p>The market formed a <strong>EURUSD <\/strong>two-legged sideways pullback on the weekly chart. Bulls want the December 24 high or the 20-week EMA to hold as support, followed by a retest of the January 27 high and a sustained breakout above it. Bears need consecutive strong bear bars closing below the 20-week EMA to flip the market to Always In Short.<\/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\/2026\/02\/EURUSD-Weekly-Bears-Need-FT-Selling-Bulls-Want-DB-BF.jpg\" target=\"_blank\" rel=\" noreferrer noopener\"><img loading=\"lazy\" decoding=\"async\" width=\"680\" height=\"383\" src=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2026\/02\/EURUSD-Weekly-Bears-Need-FT-Selling-Bulls-Want-DB-BF-680x383.jpg\" alt=\"EURUSD Weekly - Bears Need FT Selling, Bulls Want DB BF, EURUSD Two-Legged Sideways Pullback\" class=\"wp-image-263847\" title=\"\" srcset=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2026\/02\/EURUSD-Weekly-Bears-Need-FT-Selling-Bulls-Want-DB-BF-680x383.jpg 680w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2026\/02\/EURUSD-Weekly-Bears-Need-FT-Selling-Bulls-Want-DB-BF-300x169.jpg 300w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2026\/02\/EURUSD-Weekly-Bears-Need-FT-Selling-Bulls-Want-DB-BF-768x432.jpg 768w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2026\/02\/EURUSD-Weekly-Bears-Need-FT-Selling-Bulls-Want-DB-BF-1536x864.jpg 1536w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2026\/02\/EURUSD-Weekly-Bears-Need-FT-Selling-Bulls-Want-DB-BF.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 formed a bear bar closing in its lower half, testing the February 6 low.<\/li>\n\n\n\n<li><a href=\"\/?p=262621\" target=\"_blank\" rel=\"noreferrer noopener\">Last week<\/a>, we said traders would watch whether bulls could generate follow-through buying to retest the January 27 high, or whether bears would create a second leg sideways to down to retest the February 6 low.<\/li>\n\n\n\n<li>Bulls previously broke above the September 17 high (January 27) but failed to generate follow-through buying.<\/li>\n\n\n\n<li>Bulls see the current move as a two-legged pullback forming a double bottom bull flag (February 6 and February 19).<\/li>\n\n\n\n<li>They want the pullback to remain weak and sideways, with overlapping bars, long tails below, and strong bull bars.<\/li>\n\n\n\n<li>Bulls want the December 24 high or the 20-week EMA to hold as support, followed by a retest of the January 27 high and a sustained breakout above it.<\/li>\n\n\n\n<li>They are looking for a measured move toward the 2021 high, based on the height of the 7-month trading range.<\/li>\n\n\n\n<li>Bulls need consecutive strong bull bars breaking above the September 17 high and the bear trend line (not shown; drawn across the February 2018 and January 2021 highs) to increase the odds of trend resumption.<\/li>\n\n\n\n<li>Bears want the breakout above the September 17 high to fail, followed by a two-legged sideways to down pullback.<\/li>\n\n\n\n<li>They want at least a small second leg sideways to down to retest the February 6 low. That second leg appear to be underway.<\/li>\n\n\n\n<li>Bears want a retest of the January low.<\/li>\n\n\n\n<li>Bears need consecutive strong bear bars closing below the 20-week EMA to flip the market to Always In Short.<\/li>\n\n\n\n<li>If the market trades higher, bears want the February 11 high to act as resistance, forming a double top bear flag.<\/li>\n\n\n\n<li>The market broke above the 36-week trading range (January 27) but failed and reversed back into it.<\/li>\n\n\n\n<li>The market remains within a 36-week trading range. Until there is a clear breakout with strong follow-through, traders may continue to Buy Low, Sell High (BLSH), buying near the lower third and selling near the upper third of the range.<\/li>\n\n\n\n<li>Traders will watch whether bears can generate further follow-through selling to test the 20-week EMA.<\/li>\n\n\n\n<li>Or whether the market stalls around the December 24 high or the 20-week EMA, forming a higher low instead.<\/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\/2026\/02\/EURUSD-Daily-Bulls-Want-DB-BF-Bears-Need-FT-Selling.jpg\" target=\"_blank\" rel=\" noreferrer noopener\"><img loading=\"lazy\" decoding=\"async\" width=\"680\" height=\"383\" src=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2026\/02\/EURUSD-Daily-Bulls-Want-DB-BF-Bears-Need-FT-Selling-680x383.jpg\" alt=\"EURUSD Daily - Bulls Want DB BF, Bears Need FT Selling\" class=\"wp-image-263848\" title=\"\" srcset=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2026\/02\/EURUSD-Daily-Bulls-Want-DB-BF-Bears-Need-FT-Selling-680x383.jpg 680w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2026\/02\/EURUSD-Daily-Bulls-Want-DB-BF-Bears-Need-FT-Selling-300x169.jpg 300w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2026\/02\/EURUSD-Daily-Bulls-Want-DB-BF-Bears-Need-FT-Selling-768x432.jpg 768w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2026\/02\/EURUSD-Daily-Bulls-Want-DB-BF-Bears-Need-FT-Selling-1536x864.jpg 1536w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2026\/02\/EURUSD-Daily-Bulls-Want-DB-BF-Bears-Need-FT-Selling.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>EURUSD traded sideways to down below the 20-day EMA. Thursday and Friday formed consecutive dojis.<\/li>\n\n\n\n<li><a href=\"\/?p=262621\" target=\"_blank\" rel=\"noreferrer noopener\">Last week<\/a>, we said traders would watch whether bulls could create a second leg sideways to up to retest the January 27 high, or whether bears would create a second leg sideways to down below the February 6 low.<\/li>\n\n\n\n<li>Bears want a reversal from a higher high major trend reversal, following the trend channel line overshoot on January 27, and a lower high major trend reversal (February 10).<\/li>\n\n\n\n<li>They want a strong leg down to retest the January low.<\/li>\n\n\n\n<li>If the market trades higher, bears want the February 10 high to act as resistance, forming a double top bear flag.<\/li>\n\n\n\n<li>Bears need consecutive strong bear bars to flip the market into Always In Short.<\/li>\n\n\n\n<li>Bulls see the current move as a two-legged breakout pullback testing the December 24 breakout point.<\/li>\n\n\n\n<li>They want a reversal from a double bottom bull flag (February 6 and February 19), followed by another strong leg up.<\/li>\n\n\n\n<li>Bulls need consecutive strong bull bars with sustained follow-through buying to increase the odds of a successful breakout above the trading range.<\/li>\n\n\n\n<li>They want the 20-day EMA and the December 24 high area to hold as support.<\/li>\n\n\n\n<li>If the market trades lower, bulls want the bull trend line to act as support.<\/li>\n\n\n\n<li>EURUSD broke above the trading range (January 27), but follow-through buying has been limited.<\/li>\n\n\n\n<li>The market then formed a two-legged sideways to down pullback back into the range.<\/li>\n\n\n\n<li>EURUSD remains in a trading range. Until there is a strong breakout with sustained follow-through, traders may continue to Buy Low, Sell High (BLSH), buying near the lower third and selling near the upper third of the range.<\/li>\n\n\n\n<li>For now, traders will watch whether bears can generate further follow-through selling below the February 6 low toward the January low.<\/li>\n\n\n\n<li>Or will the pullback remain mostly sideways, followed by bull bars retesting the January 27 high instead?<\/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=\"\/?cat_ID=136\" 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 formed a EURUSD two-legged sideways pullback on the weekly chart. Bulls want the December 24 high or the 20-week EMA to hold as support, followed by a retest of the January 27 high and a sustained breakout above it. Bears need consecutive strong bear bars closing below the 20-week [&hellip;]<\/p>\n","protected":false},"author":2836,"featured_media":263847,"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-263694","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\/2026\/02\/EURUSD-Weekly-Bears-Need-FT-Selling-Bulls-Want-DB-BF.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\/263694","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=263694"}],"version-history":[{"count":0,"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/posts\/263694\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/media\/263847"}],"wp:attachment":[{"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/media?parent=263694"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/categories?post=263694"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/tags?post=263694"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}