{"id":271868,"date":"2026-06-21T01:30:00","date_gmt":"2026-06-21T08:30:00","guid":{"rendered":"https:\/\/www.brookstradingcourse.com\/?p=271868"},"modified":"2026-06-21T00:22:56","modified_gmt":"2026-06-21T07:22:56","slug":"bears-want-a-eurusd-breakout","status":"publish","type":"post","link":"https:\/\/www.brookstradingcourse.com\/es\/analysis\/bears-want-a-eurusd-breakout\/","title":{"rendered":"Bears Want a EURUSD Breakout"},"content":{"rendered":"\n<h2 class=\"wp-block-heading\">Market Overview: EURUSD Forex<\/h2>\n\n\n\n<p>The bears want a <strong>EURUSD <\/strong>breakout below the trading range, followed by a measured move based on the height of the trading range. Bulls want a reversal from a large double bottom bull flag (March 13 and June 19) and a trend channel line overshoot.<\/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\/06\/EURUSD-Weekly-Bear-Need-FT-Selling-TCL-Overshoot.jpg\" target=\"_blank\" rel=\" noreferrer noopener\"><img loading=\"lazy\" decoding=\"async\" width=\"680\" height=\"383\" src=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2026\/06\/EURUSD-Weekly-Bear-Need-FT-Selling-TCL-Overshoot-680x383.jpg\" alt=\"EURUSD Weekly - Bear Need FT Selling, TCL Overshoot, Bears Want a EURUSD Breakout\" class=\"wp-image-271960\" title=\"\" srcset=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2026\/06\/EURUSD-Weekly-Bear-Need-FT-Selling-TCL-Overshoot-680x383.jpg 680w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2026\/06\/EURUSD-Weekly-Bear-Need-FT-Selling-TCL-Overshoot-300x169.jpg 300w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2026\/06\/EURUSD-Weekly-Bear-Need-FT-Selling-TCL-Overshoot-768x432.jpg 768w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2026\/06\/EURUSD-Weekly-Bear-Need-FT-Selling-TCL-Overshoot-1536x864.jpg 1536w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2026\/06\/EURUSD-Weekly-Bear-Need-FT-Selling-TCL-Overshoot.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 an outside bear bar closing in its lower half with a prominent tail below.<\/li>\n\n\n\n<li><a href=\"https:\/\/www.brookstradingcourse.com\/analysis\/weekly-eurusd-bulls-want-a-higher-low\/\" target=\"_blank\" rel=\"noreferrer noopener\">Last week<\/a>, we said traders would watch whether bulls could generate a strong bull entry bar with sustained follow-through buying, or whether the market would remain within the bear channel that began from the April 17 high and retest the June 8 low.<\/li>\n\n\n\n<li>Bulls view the current move as a pullback forming a wedge bull flag (May 21, June 8, and June 19) and a trend channel line overshoot.<\/li>\n\n\n\n<li>They want a reversal from a large double bottom bull flag (March 13 and June 19).<\/li>\n\n\n\n<li>Bulls want the bottom of the trading range (March 13) to hold as support.<\/li>\n\n\n\n<li>Bulls need consecutive strong bull bars breaking decisively above the 20-week EMA and the wedge bull flag to demonstrate control.<\/li>\n\n\n\n<li>Bears want a reversal from a lower high major trend reversal (April 17) and a head and shoulders top (September 17, January 27, and April 17).<\/li>\n\n\n\n<li>Bears want a breakout below the trading range low (March 13), followed by a measured move based on the height of the trading range.<\/li>\n\n\n\n<li>Bears need consecutive strong bear bars breaking decisively below the March 13 low, with follow-through selling, to increase the odds of a reversal.<\/li>\n\n\n\n<li>If the market trades higher, bears want the 20-week EMA or the June 15 high to act as resistance, forming a double top bear flag.<\/li>\n\n\n\n<li>The market tested near the 20-week EMA early in the week but reversed lower to retest the bottom of the trading range.<\/li>\n\n\n\n<li>Traders will watch whether bears can generate follow-through selling over the next several weeks and break below the March 13 low.<\/li>\n\n\n\n<li>Or will buyers step in again near the bottom of the trading range?<\/li>\n\n\n\n<li>Price remains within the 55-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>The middle of the range is an area of balance and often acts as a magnet.<\/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\/06\/EURUSD-Daily-Wedge-Bull-Flag-TCL-Overshoot.jpg\" target=\"_blank\" rel=\" noreferrer noopener\"><img loading=\"lazy\" decoding=\"async\" width=\"680\" height=\"383\" src=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2026\/06\/EURUSD-Daily-Wedge-Bull-Flag-TCL-Overshoot-680x383.jpg\" alt=\"EURUSD Daily - Wedge Bull Flag, TCL Overshoot\" class=\"wp-image-271961\" title=\"\" srcset=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2026\/06\/EURUSD-Daily-Wedge-Bull-Flag-TCL-Overshoot-680x383.jpg 680w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2026\/06\/EURUSD-Daily-Wedge-Bull-Flag-TCL-Overshoot-300x169.jpg 300w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2026\/06\/EURUSD-Daily-Wedge-Bull-Flag-TCL-Overshoot-768x432.jpg 768w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2026\/06\/EURUSD-Daily-Wedge-Bull-Flag-TCL-Overshoot-1536x864.jpg 1536w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2026\/06\/EURUSD-Daily-Wedge-Bull-Flag-TCL-Overshoot.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 slightly higher early in the week, testing the 20-day EMA, but reversed lower from Wednesday onward. Friday traded lower before reversing to form a bull reversal bar.<\/li>\n\n\n\n<li><a href=\"https:\/\/www.brookstradingcourse.com\/analysis\/weekly-eurusd-bulls-want-a-higher-low\/\" target=\"_blank\" rel=\"noreferrer noopener\">Last week<\/a>, we said traders would watch whether bulls could generate strong follow-through buying and break decisively above the 20-day EMA and the bear trend line, or whether the market would stall there and retest the June 8 low instead.<\/li>\n\n\n\n<li>Bears created a bear leg from a lower high major trend reversal (April 17) and a double top bear flag (February 23 and April 17), testing the bottom of the trading range.<\/li>\n\n\n\n<li>Bears want a breakout below the trading range low (March 13), followed by a measured move based on the height of the range.<\/li>\n\n\n\n<li>If the market trades higher, bears want the 20-day EMA or the June 15 high to act as resistance, forming another lower high and a large Low 4 sell setup.<\/li>\n\n\n\n<li>Bears need to create consecutive bear bars closing near their lows to increase the odds of a successful breakout below the trading range.<\/li>\n\n\n\n<li>Bulls view the current move as a bear leg forming a wedge bull flag (May 21, June 8, and June 19) and a large double bottom bull flag (March 13 and June 19).<\/li>\n\n\n\n<li>Bulls hope to get a reversal from a trend channel line overshoot.<\/li>\n\n\n\n<li>Bulls want the trading range low to hold as support.<\/li>\n\n\n\n<li>Bulls need to create a strong bull entry bar with sustained follow-through buying, breaking decisively above the 20-day EMA and the bear trend line to increase the odds of a move higher.<\/li>\n\n\n\n<li>The market formed another leg down to test the trading range low.<\/li>\n\n\n\n<li>Friday formed a bull reversal bar following a trend channel line overshoot.<\/li>\n\n\n\n<li>Traders will watch whether bulls can create a strong bull entry bar early next week, with sustained buying, and test above the 20-day EMA.<\/li>\n\n\n\n<li>Or will bears be able to generate follow-through selling and break below the March 13 low instead?<\/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>The middle of the range is an area of balance and often acts as a magnet.<\/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 bears want a EURUSD breakout below the trading range, followed by a measured move based on the height of the trading range. Bulls want a reversal from a large double bottom bull flag (March 13 and June 19) and a trend channel line overshoot. EURUSD Forex market The Weekly EURUSD [&hellip;]<\/p>\n","protected":false},"author":2836,"featured_media":271960,"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-271868","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\/06\/EURUSD-Weekly-Bear-Need-FT-Selling-TCL-Overshoot.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\/271868","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=271868"}],"version-history":[{"count":3,"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/posts\/271868\/revisions"}],"predecessor-version":[{"id":271982,"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/posts\/271868\/revisions\/271982"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/media\/271960"}],"wp:attachment":[{"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/media?parent=271868"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/categories?post=271868"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/tags?post=271868"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}