{"id":272727,"date":"2026-07-05T01:30:00","date_gmt":"2026-07-05T08:30:00","guid":{"rendered":"https:\/\/www.brookstradingcourse.com\/?p=272727"},"modified":"2026-07-05T01:46:35","modified_gmt":"2026-07-05T08:46:35","slug":"eurusd-is-testing-the-low-of-the-trading-range","status":"publish","type":"post","link":"https:\/\/www.brookstradingcourse.com\/es\/analysis\/eurusd-is-testing-the-low-of-the-trading-range\/","title":{"rendered":"EURUSD Is Testing the Low of the Trading Range"},"content":{"rendered":"\n<h2 class=\"wp-block-heading\">Market Overview: EURUSD Forex<\/h2>\n\n\n\n<p>The <strong>EURUSD <\/strong>is testing the low of the trading range and the 20-month EMA. Bears need a decisive breakout below to increase the odds of a measured move down based on the height of the trading range. Bulls hope the 20-month EMA and the low of the trading range will act as support, followed by a strong bull leg.<\/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\/2026\/07\/EURUSD-Monthly-Testing-the-Low-of-the-Trading-Range-EMA.jpg\" target=\"_blank\" rel=\" noreferrer noopener\"><img loading=\"lazy\" decoding=\"async\" width=\"680\" height=\"383\" src=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2026\/07\/EURUSD-Monthly-Testing-the-Low-of-the-Trading-Range-EMA-680x383.jpg\" alt=\"EURUSD Monthly - Testing the Low of the Trading Range &amp; EMA, EURUSD Is Testing the Low of the Trading Range\" class=\"wp-image-272844\" title=\"\" srcset=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2026\/07\/EURUSD-Monthly-Testing-the-Low-of-the-Trading-Range-EMA-680x383.jpg 680w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2026\/07\/EURUSD-Monthly-Testing-the-Low-of-the-Trading-Range-EMA-300x169.jpg 300w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2026\/07\/EURUSD-Monthly-Testing-the-Low-of-the-Trading-Range-EMA-768x432.jpg 768w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2026\/07\/EURUSD-Monthly-Testing-the-Low-of-the-Trading-Range-EMA-1536x864.jpg 1536w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2026\/07\/EURUSD-Monthly-Testing-the-Low-of-the-Trading-Range-EMA.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>June broke below the inside bar, forming a bear bar closing in its lower half and testing the low of the trading range and the 20-month EMA.<\/li>\n\n\n\n<li><a href=\"https:\/\/www.brookstradingcourse.com\/analysis\/eurusd-inside-bar-in-the-middle-of-the-trading-range\/\" target=\"_blank\" rel=\"noreferrer noopener\">Last month<\/a>, we said traders would watch whether bulls could retest the top of the trading range or whether bears could retest the 20-month EMA instead.<\/li>\n\n\n\n<li>Bulls see the 13-month trading range as a large bull flag \u2014 a 25% pullback from the January 2025 rally.<\/li>\n\n\n\n<li>Bulls want a trend resumption from a large double bottom bull flag (August 1 and June 24) and a smaller double bottom bull flag (March 13 and June 24).<\/li>\n\n\n\n<li>They hope the 20-month EMA and the low of the trading range will act as support, followed by a strong bull leg.<\/li>\n\n\n\n<li>Bulls need consecutive strong bull bars to demonstrate control.<\/li>\n\n\n\n<li>Bears want a reversal from a wedge top (July 1, September 17, January 27), a lower high major trend reversal (April 17), and a head and shoulders top (September 17, January 27, April 17).<\/li>\n\n\n\n<li>Bears need consecutive strong bear bars breaking decisively below the 20-month EMA and the August 1 low to increase the odds of a measured move down based on the height of the trading range.<\/li>\n\n\n\n<li>If the market trades higher, bears want it to stall below the April 17 high, forming a double top bear flag.<\/li>\n\n\n\n<li>The market formed a bear leg testing the low of the trading range.<\/li>\n\n\n\n<li>Traders will watch whether bears can create a strong breakout below the trading range and the 20-month EMA.<\/li>\n\n\n\n<li>Or will the market find support around the 20-month EMA and the low of the trading range, followed by a pullback higher in the months ahead instead?<\/li>\n\n\n\n<li>Until there is a decisive breakout, 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 can act as a magnet and an area of balance.<\/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\/2026\/07\/EURUSD-Weekly-Breakout-Pullback-Two-Bar-Reversal.jpg\" target=\"_blank\" rel=\" noreferrer noopener\"><img loading=\"lazy\" decoding=\"async\" width=\"680\" height=\"383\" src=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2026\/07\/EURUSD-Weekly-Breakout-Pullback-Two-Bar-Reversal-680x383.jpg\" alt=\"EURUSD Weekly - Breakout Pullback, Two-Bar Reversal\" class=\"wp-image-272845\" title=\"\" srcset=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2026\/07\/EURUSD-Weekly-Breakout-Pullback-Two-Bar-Reversal-680x383.jpg 680w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2026\/07\/EURUSD-Weekly-Breakout-Pullback-Two-Bar-Reversal-300x169.jpg 300w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2026\/07\/EURUSD-Weekly-Breakout-Pullback-Two-Bar-Reversal-768x432.jpg 768w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2026\/07\/EURUSD-Weekly-Breakout-Pullback-Two-Bar-Reversal-1536x864.jpg 1536w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2026\/07\/EURUSD-Weekly-Breakout-Pullback-Two-Bar-Reversal.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 inside bull bar closing in its upper half with prominent tails.<\/li>\n\n\n\n<li><a href=\"https:\/\/www.brookstradingcourse.com\/analysis\/weekly-eurusd-bears-want-a-breakout\/\" target=\"_blank\" rel=\"noreferrer noopener\">Last week<\/a>, we said traders would watch whether bears could generate follow-through selling over the next several weeks and break decisively below the March 13 low, or whether the market would stall around the low of the trading range, followed by a pullback to retest the middle of the range in the weeks ahead.<\/li>\n\n\n\n<li>Bulls view the recent move as a bear leg within the trading range, forming a large wedge bull flag (November 5, March 13, and June 24) and a trend channel line overshoot (June 24).<\/li>\n\n\n\n<li>Bulls want a failed breakout below the trading range, followed by a bull leg to retest the high of the trading range.<\/li>\n\n\n\n<li>Bulls see a two-bar reversal forming at the low of the trading range.<\/li>\n\n\n\n<li>They need a strong bull entry bar with sustained follow-through buying to increase the odds of testing the middle of the trading range.<\/li>\n\n\n\n<li>Bulls want the low of the trading range to act as support. If the market trades lower, bulls want the May 12 low to act as support.<\/li>\n\n\n\n<li>Bulls need consecutive strong bull bars breaking decisively above the 20-week EMA and the bear trend line to demonstrate control.<\/li>\n\n\n\n<li>Bears got a bear leg from a lower high major trend reversal (April 17), testing the low of the trading range.<\/li>\n\n\n\n<li>Bears want a reversal from a head and shoulders top (September 17, January 27, and April 17), followed by a measured move based on the height of the trading range.<\/li>\n\n\n\n<li>Bears view this week as a breakout pullback and want the move to remain weak and sideways, forming another lower high.<\/li>\n\n\n\n<li>If the market trades higher, bears want the 20-week EMA or the bear trend line to act as resistance.<\/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 reaching the measured move target.<\/li>\n\n\n\n<li>The market broke below the low of the trading range last week, but the breakout bar had a prominent tail below.<\/li>\n\n\n\n<li>The bears could not generate follow-through selling this week.<\/li>\n\n\n\n<li>Markets have inertia and tend to continue doing what they have been doing. About 80% of breakout attempts fail.<\/li>\n\n\n\n<li>Traders will watch whether bulls can generate a strong bull entry bar closing near its high.<\/li>\n\n\n\n<li>Or will the market retest the June 24 low instead?<\/li>\n\n\n\n<li>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\">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 EURUSD is testing the low of the trading range and the 20-month EMA. Bears need a decisive breakout below to increase the odds of a measured move down based on the height of the trading range. Bulls hope the 20-month EMA and the low of the trading range will act [&hellip;]<\/p>\n","protected":false},"author":2836,"featured_media":272845,"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":"","_genesis_layout":"","footnotes":""},"categories":[1842,136],"tags":[281],"class_list":{"0":"post-272727","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"},"featured_image_src":"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2026\/07\/EURUSD-Weekly-Breakout-Pullback-Two-Bar-Reversal.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\/272727","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=272727"}],"version-history":[{"count":2,"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/posts\/272727\/revisions"}],"predecessor-version":[{"id":272850,"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/posts\/272727\/revisions\/272850"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/media\/272845"}],"wp:attachment":[{"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/media?parent=272727"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/categories?post=272727"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/tags?post=272727"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}