{"id":170768,"date":"2023-02-19T01:30:00","date_gmt":"2023-02-19T09:30:00","guid":{"rendered":"https:\/\/www.brookstradingcourse.com\/?p=170768"},"modified":"2023-02-19T02:01:50","modified_gmt":"2023-02-19T10:01:50","slug":"eurusd-outside-bull-doji","status":"publish","type":"post","link":"https:\/\/www.brookstradingcourse.com\/pt-br\/analysis\/eurusd-outside-bull-doji\/","title":{"rendered":"EURUSD Outside Bull Doji"},"content":{"rendered":"\n<h2 class=\"wp-block-heading\">Market Overview: EURUSD Forex<\/h2>\n\n\n\n<p>The <strong>EURUSD <\/strong>Forex weekly candlestick was an outside bull doji. Bulls want a continuation of the bull channel up, while the bears want a test of the 20-week exponential moving average and the January 6 low. The bulls want any pullback to be sideways and not deep. If the pullback is weak and sideways, the odds of another strong leg-up increase. If the bears do not continue to create strong consecutive bear bars, odds will swing in favor of a retest of the February high.<\/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\/2023\/02\/EURUSD-Weekly-Outside-Bull-Doji.png\"><img loading=\"lazy\" decoding=\"async\" width=\"680\" height=\"383\" src=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/02\/EURUSD-Weekly-Outside-Bull-Doji-680x383.png\" alt=\"EURUSD Weekly: Outside Bull Doji\" class=\"wp-image-170934\" title=\"\" srcset=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/02\/EURUSD-Weekly-Outside-Bull-Doji-680x383.png 680w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/02\/EURUSD-Weekly-Outside-Bull-Doji-300x169.png 300w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/02\/EURUSD-Weekly-Outside-Bull-Doji-768x432.png 768w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/02\/EURUSD-Weekly-Outside-Bull-Doji-1536x864.png 1536w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/02\/EURUSD-Weekly-Outside-Bull-Doji.png 1920w\" sizes=\"auto, (max-width: 680px) 100vw, 680px\" \/><\/a><\/figure>\n\n\n\n<ul class=\"wp-block-list\">\n<li>This week\u2019s candlestick on the&nbsp;<a href=\"https:\/\/www.investing.com\/currencies\/eur-usd\" target=\"_blank\" rel=\"noreferrer noopener\">weekly EURUSD Forex chart<\/a>&nbsp;was an outside bull doji with tails above and below.<\/li>\n\n\n\n<li>Last week, we said that the odds slightly favor the EURUSD to trade at least a little lower.<\/li>\n\n\n\n<li>This week traded below last week\u2019s low but closed above it with a small bull body.<\/li>\n\n\n\n<li>The bears want a 2-legged sideways-to-down pullback lasting at least a few weeks.&nbsp;<\/li>\n\n\n\n<li>They got a reversal lower from a wedge top (Nov 15, Dec 5 and Feb 2).<\/li>\n\n\n\n<li>They hope that this week was simply a pullback and wants at least a small second leg sideways to down.<\/li>\n\n\n\n<li>The first targets for the bears are the 20-week exponential moving average and the January 6 low.<\/li>\n\n\n\n<li>If the EURUSD trades higher, they want a reversal lower from a lower high major trend reversal or a double top with the February high.<\/li>\n\n\n\n<li>The bulls got a strong spike and channel up from September 2022 and the market may have flipped into Always In Long.&nbsp;<\/li>\n\n\n\n<li>The strong move up increases the odds of at least a small second leg sideways to up after a deeper pullback.&nbsp;<\/li>\n\n\n\n<li>The bulls want any pullback to be sideways and not deep. If the pullback is weak and sideways, the odds of another strong leg-up increase.<\/li>\n\n\n\n<li>They want weak bear bars with long tails below and dojis within the pullback phase.<\/li>\n\n\n\n<li>They hope to get a continuation of the bull channel followed by a retest and breakout above the February high.<\/li>\n\n\n\n<li>If the EURUSD trades lower, they hope to get a micro double bottom with February 17 or a double bottom bull flag with January 6 low.<\/li>\n\n\n\n<li>Since this week was a doji bar, it is a neutral signal bar for next week.<\/li>\n\n\n\n<li>The bears still need to prove they are strong enough to create a deeper pullback.&nbsp;<\/li>\n\n\n\n<li>If they do not continue to create strong consecutive bear bars, odds will swing in favor of a continuation of the bull channel up.<\/li>\n\n\n\n<li>Traders will see if the bears can get another leg down reaching the 20-week exponential moving average, or will the EURUSD trade slightly lower and form a micro double bottom with February 17 low and reverse up.<\/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\/2023\/02\/EURUSD-Daily-Weaker-2nd-Leg-Down.png\"><img loading=\"lazy\" decoding=\"async\" width=\"680\" height=\"383\" src=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/02\/EURUSD-Daily-Weaker-2nd-Leg-Down-680x383.png\" alt=\"EURUSD Daily: Weaker 2nd Leg Down\" class=\"wp-image-170937\" title=\"\" srcset=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/02\/EURUSD-Daily-Weaker-2nd-Leg-Down-680x383.png 680w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/02\/EURUSD-Daily-Weaker-2nd-Leg-Down-300x169.png 300w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/02\/EURUSD-Daily-Weaker-2nd-Leg-Down-768x432.png 768w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/02\/EURUSD-Daily-Weaker-2nd-Leg-Down-1536x864.png 1536w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/02\/EURUSD-Daily-Weaker-2nd-Leg-Down.png 1920w\" sizes=\"auto, (max-width: 680px) 100vw, 680px\" \/><\/a><\/figure>\n\n\n\n<ul class=\"wp-block-list\">\n<li>The EURUSD traded higher on Tuesday and was mostly sideways throughout the week. Friday traded lower but reversed into a bull reversal bar near its high.<\/li>\n\n\n\n<li>Last week, we said that the odds slightly favor the EURUSD to still be in the sideways to down pullback phase to work off the overbought condition.<\/li>\n\n\n\n<li>The bears see the move up since September as a 50% pullback of the selloff which started in May 2021.<\/li>\n\n\n\n<li>They got a reversal lower from a wedge top (Nov 15, Dec 15, and Feb 2) and a micro wedge (Jan 13, Jan 26 and Feb 2).<\/li>\n\n\n\n<li>So far, the bears have 2 legs down, with the second leg down this week weaker than the first.<\/li>\n\n\n\n<li>The overlapping bars indicate the bears are not yet strong.<\/li>\n\n\n\n<li>The next target for the bears is the January 6 low.<\/li>\n\n\n\n<li>If the EURUSD trades higher, they want a reversal down from a lower high major trend reversal or a double top with the February high.<\/li>\n\n\n\n<li>The bears need to create strong consecutive bear bars closing near their lows to increase the odds of lower prices.<\/li>\n\n\n\n<li>The spike &amp; tight channel up since October means strong bulls.<\/li>\n\n\n\n<li>The odds slightly favor the market has flipped into Always In Long.&nbsp;<\/li>\n\n\n\n<li>The bulls want any pullback to be sideways and not deep.&nbsp;<\/li>\n\n\n\n<li>If there is a deep pullback, the bulls want a reversal up from a higher low major trend reversal, a double bottom bull flag with January 6 low and a larger second leg sideways to up.<\/li>\n\n\n\n<li>At the very least, they want a retest of February high.<\/li>\n\n\n\n<li>Since Friday was a bull reversal bar, it is a buy signal bar for Monday. The EURUSD may trade slightly higher early next week.<\/li>\n\n\n\n<li>Until the bears can create strong consecutive bear bars closing near their lows, the bulls may still get a retest of the February high.<\/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 Forex weekly candlestick was an outside bull doji. Bulls want a continuation of the bull channel up, while the bears want a test of the 20-week exponential moving average and the January 6 low. The bulls want any pullback to be sideways and not deep. If the pullback is [&hellip;]<\/p>\n","protected":false},"author":2836,"featured_media":170934,"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":[281,1390],"class_list":{"0":"post-170768","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":"tag-outside-bar","11":"entry","12":"override","13":"shadow"},"featured_image_src":"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/02\/EURUSD-Weekly-Outside-Bull-Doji.png","author_info":{"display_name":"Andrew","author_link":"https:\/\/www.brookstradingcourse.com\/pt-br\/author\/andrewa\/"},"_links":{"self":[{"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/posts\/170768","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/users\/2836"}],"replies":[{"embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/comments?post=170768"}],"version-history":[{"count":0,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/posts\/170768\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/media\/170934"}],"wp:attachment":[{"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/media?parent=170768"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/categories?post=170768"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/tags?post=170768"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}