{"id":197916,"date":"2024-01-14T01:30:00","date_gmt":"2024-01-14T09:30:00","guid":{"rendered":"https:\/\/www.brookstradingcourse.com\/?p=197916"},"modified":"2024-01-13T09:34:26","modified_gmt":"2024-01-13T17:34:26","slug":"eurusd-stall-at-the-20-day-ema","status":"publish","type":"post","link":"https:\/\/www.brookstradingcourse.com\/pt-br\/analysis\/eurusd-stall-at-the-20-day-ema\/","title":{"rendered":"EURUSD Stall at the 20-Day EMA"},"content":{"rendered":"\n<h2 class=\"wp-block-heading\">Market Overview: EURUSD Forex<\/h2>\n\n\n\n<p>The pullback in the EURUSD stall at the 20-day EMA on the daily chart. The bears want a reversal from a small double top bear flag. The bulls want the 20-day EMA and the bull trend line to act as support and resume the bull leg higher.<\/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\/2024\/01\/EURUSD-Weekly-Sideways-PB-Double-Bottom-Bull-Flag.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"680\" height=\"383\" src=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/01\/EURUSD-Weekly-Sideways-PB-Double-Bottom-Bull-Flag-680x383.jpg\" alt=\"EURUSD Weekly: Sideways PB, Double Bottom Bull Flag?\" class=\"wp-image-198007\" title=\"\" srcset=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/01\/EURUSD-Weekly-Sideways-PB-Double-Bottom-Bull-Flag-680x383.jpg 680w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/01\/EURUSD-Weekly-Sideways-PB-Double-Bottom-Bull-Flag-300x169.jpg 300w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/01\/EURUSD-Weekly-Sideways-PB-Double-Bottom-Bull-Flag-768x432.jpg 768w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/01\/EURUSD-Weekly-Sideways-PB-Double-Bottom-Bull-Flag-1536x864.jpg 1536w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/01\/EURUSD-Weekly-Sideways-PB-Double-Bottom-Bull-Flag.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\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 inside doji bar.<\/li>\n\n\n\n<li><a href=\"https:\/\/www.brookstradingcourse.com\/analysis\/eurusd-minor-pullback-2\/\" target=\"_blank\" rel=\"noreferrer noopener\">Last week<\/a>, we said that odds slightly favor the pullback to be minor even if it lasts a couple more weeks and the market is still in the bull leg phase.<\/li>\n\n\n\n<li>The bulls want a retest of the July high followed by a continuation higher in the form of a large second leg up (with the first leg being September 2022 to July 2023 rally).<\/li>\n\n\n\n<li>They see the current pullback as minor even if it lasts 1-3 weeks. We are in the second week of the pullback.<\/li>\n\n\n\n<li>They want the 20-week EMA to act as support, followed by a reversal from a double bottom bull flag (Dec 8 and Jan 5).<\/li>\n\n\n\n<li>The bears see the rally since October as a retest of the prior leg\u2019s extreme high (Jul 18).<\/li>\n\n\n\n<li>They want a reversal from a wedge bear flag (Nov 3, Nov 29, and Dec 28) and a lower high major trend reversal.<\/li>\n\n\n\n<li>They need to create a few strong consecutive bear bars closing below the 20-week EMA to increase the odds of retesting the trading range low.&nbsp;<\/li>\n\n\n\n<li>The bears were not able to create a follow-through bear bar this week. They are not yet as strong as they hoped to be.&nbsp;<\/li>\n\n\n\n<li>They hope that this week was simply a pullback and want at least a small second leg sideways to down to test near the 20-week EMA.<\/li>\n\n\n\n<li>Since this week\u2019s candlestick is an inside doji, the market is in a neutral state.<\/li>\n\n\n\n<li>The bulls want a breakout above, while the bears want a breakout below the inside doji. The first breakout can fail 50% of the time.<\/li>\n\n\n\n<li>For now, odds slightly favor the pullback to be minor even if it lasts a couple more weeks and the market to still be in the bull leg phase.<\/li>\n\n\n\n<li>The EURUSD is in a 59-week trading range. Traders will continue to BLSH (Buy Low, Sell High) within a trading range until there is a breakout with follow-through selling\/buying.<\/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\/2024\/01\/EURUSD-Daily-TTR-DB-Bull-Flag-or-Small-DT-Bear-Flag.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"680\" height=\"383\" src=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/01\/EURUSD-Daily-TTR-DB-Bull-Flag-or-Small-DT-Bear-Flag-680x383.jpg\" alt=\"EURUSD Daily: TTR, DB Bull Flag or Small DT Bear Flag? EURUSD Stall at the 20-Day EMA\" class=\"wp-image-198010\" title=\"\" srcset=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/01\/EURUSD-Daily-TTR-DB-Bull-Flag-or-Small-DT-Bear-Flag-680x383.jpg 680w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/01\/EURUSD-Daily-TTR-DB-Bull-Flag-or-Small-DT-Bear-Flag-300x169.jpg 300w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/01\/EURUSD-Daily-TTR-DB-Bull-Flag-or-Small-DT-Bear-Flag-768x432.jpg 768w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/01\/EURUSD-Daily-TTR-DB-Bull-Flag-or-Small-DT-Bear-Flag-1536x864.jpg 1536w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/01\/EURUSD-Daily-TTR-DB-Bull-Flag-or-Small-DT-Bear-Flag.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>The EURUSD traded sideways for the week. The market remains in a tight trading range.<\/li>\n\n\n\n<li><a href=\"https:\/\/www.brookstradingcourse.com\/analysis\/eurusd-minor-pullback-2\/\" target=\"_blank\" rel=\"noreferrer noopener\">Last week<\/a>, we said that the odds slightly favor the current pullback to be minor even if it lasts another couple of weeks.<\/li>\n\n\n\n<li>Tuesday broke below the ioi (inside-outside-inside) pattern but reversed to break out above on Thursday. There was no follow-through buying on Friday.<\/li>\n\n\n\n<li>Previously, the bulls got a bull leg which retested the upper third of the trading range (Dec 28).<\/li>\n\n\n\n<li>They hope to get a breakout above the 59-week trading range followed by a big second leg sideways to up lasting many weeks.<\/li>\n\n\n\n<li>They see the pullback to the 20-day EMA as forming a double bottom bull flag (Dec 8 and Jan 5).<\/li>\n\n\n\n<li>They will need to create follow-through buying next week to increase the odds of retesting the December high.<\/li>\n\n\n\n<li>The bears got a reversal down from a wedge pattern near the upper third of the trading range (Nov 6, Nov 29, and Dec 28) and a higher high major trend reversal (Nov 29).<\/li>\n\n\n\n<li>They see the rally from October simply as a bull leg within a trading range and want a reversal from a large lower high major trend reversal (with the July high).<\/li>\n\n\n\n<li>The bears hope that the tight trading range is simply a pullback forming a double top bear flag (Jan 5 and Jan 11).<\/li>\n\n\n\n<li>They will need to create consecutive bear bars closing near their lows trading below the 20-day EMA and the bull trend line to increase the odds of a deeper pullback.&nbsp;<\/li>\n\n\n\n<li>For now, odds slightly favor the current pullback to be minor even if it lasts another couple of weeks. This remains true.<\/li>\n\n\n\n<li>However, if the bears can create consecutive bear bars closing near their lows and trading below the 20-day EMA, it could swing the odds in favor of the bear leg beginning. No signs of this yet.<\/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 pullback in the EURUSD stall at the 20-day EMA on the daily chart. The bears want a reversal from a small double top bear flag. The bulls want the 20-day EMA and the bull trend line to act as support and resume the bull leg higher. EURUSD Forex market The [&hellip;]<\/p>\n","protected":false},"author":2836,"featured_media":198007,"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-197916","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\/2024\/01\/EURUSD-Weekly-Sideways-PB-Double-Bottom-Bull-Flag.jpg","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\/197916","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=197916"}],"version-history":[{"count":0,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/posts\/197916\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/media\/198007"}],"wp:attachment":[{"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/media?parent=197916"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/categories?post=197916"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/tags?post=197916"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}