{"id":201578,"date":"2024-03-03T01:30:00","date_gmt":"2024-03-03T09:30:00","guid":{"rendered":"https:\/\/www.brookstradingcourse.com\/?p=201578"},"modified":"2024-03-03T00:50:38","modified_gmt":"2024-03-03T08:50:38","slug":"eurusd-doji","status":"publish","type":"post","link":"https:\/\/www.brookstradingcourse.com\/pt-br\/analysis\/eurusd-doji\/","title":{"rendered":"EURUSD Doji"},"content":{"rendered":"\n<h2 class=\"wp-block-heading\">Market Overview: EURUSD Forex<\/h2>\n\n\n\n<p>The monthly chart formed a EURUSD doji in the middle of the trading range and at the 20-month EMA. The bulls want the 20-month EMA to act as support. The bears will need to create follow-through selling below the 20-month EMA to increase the odds of a retest of the October low.<\/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\/2024\/03\/EURUSD-Monthly-Doji-in-Middle-of-Trading-Range.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"680\" height=\"383\" src=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/03\/EURUSD-Monthly-Doji-in-Middle-of-Trading-Range-680x383.jpg\" alt=\"EURUSD Monthly: Doji in Middle of Trading Range, EURUSD Doji\" class=\"wp-image-201781\" title=\"\" srcset=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/03\/EURUSD-Monthly-Doji-in-Middle-of-Trading-Range-680x383.jpg 680w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/03\/EURUSD-Monthly-Doji-in-Middle-of-Trading-Range-300x169.jpg 300w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/03\/EURUSD-Monthly-Doji-in-Middle-of-Trading-Range-768x432.jpg 768w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/03\/EURUSD-Monthly-Doji-in-Middle-of-Trading-Range-1536x864.jpg 1536w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/03\/EURUSD-Monthly-Doji-in-Middle-of-Trading-Range.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 February monthly EURUSD candlestick was a doji bar closing slightly below the 20-month EMA.<\/li>\n\n\n\n<li><a href=\"https:\/\/www.brookstradingcourse.com\/analysis\/eurusd-trading-range\/\" target=\"_blank\" rel=\"noreferrer noopener\">Last month<\/a>, we said that the odds slightly favor the market to trade lower in the first half of the month.<\/li>\n\n\n\n<li>The market traded lower in the first half of the month and then reversed higher. The market reversed again to close slightly below the opening of the month.<\/li>\n\n\n\n<li>The bulls got a reversal from a double bottom bull flag (Jan 6 and Oct 3) and a retest of the trading range high.<\/li>\n\n\n\n<li>However, they were not able to get sustained follow-through buying and the market reversed back to the middle of the trading range.<\/li>\n\n\n\n<li>They see January and February as a pullback and want at least a small second leg sideways to up to retest the December high.<\/li>\n\n\n\n<li>They want the 20-month EMA to act as support. So far this is the case.<\/li>\n\n\n\n<li>The bears see the prior move up (Dec 28) as a retest of the July high and got a reversal from a lower high major trend reversal.<\/li>\n\n\n\n<li>They see the market as being in a 15-month trading range.<\/li>\n\n\n\n<li>They managed to get a strong bear bar closing near its low in January but did not get a strong follow-through bear bar in February.<\/li>\n\n\n\n<li>They hope that February was simply a pullback and want at least another leg down.<\/li>\n\n\n\n<li>They will need to create follow-through selling below the 20-month EMA to increase the odds of a retest of the October low.<\/li>\n\n\n\n<li>Since February is a doji bar, it is a neutral signal bar for next month.<\/li>\n\n\n\n<li>The market remains in a 15-month trading range and is trading around the middle of the trading range. It is an area of balance.<\/li>\n\n\n\n<li>Poor follow-through and reversals are hallmarks of a trading range.<\/li>\n\n\n\n<li>For now, the odds for the bulls and bears are quite equal.<\/li>\n\n\n\n<li>Traders will BLSH (Buy Low, Sell High) until there is a breakout with sustained follow-through buying\/selling from either direction.<\/li>\n\n\n\n<li>Traders will see if the bears can create a bear bar in March trading below the 20-month EMA. If they do, it will increase the odds of a retest of the October low.<\/li>\n\n\n\n<li>However, if the market continues to hold above the 20-month EMA for a couple of months, the odds of a retest of the December high will increase.<\/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\/2024\/03\/EURUSD-Weekly-Inside-Doji-at-20-Week-EMA.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"680\" height=\"383\" src=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/03\/EURUSD-Weekly-Inside-Doji-at-20-Week-EMA-680x383.jpg\" alt=\"EURUSD Weekly: Inside Doji at 20-Week EMA\" class=\"wp-image-201778\" title=\"\" srcset=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/03\/EURUSD-Weekly-Inside-Doji-at-20-Week-EMA-680x383.jpg 680w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/03\/EURUSD-Weekly-Inside-Doji-at-20-Week-EMA-300x169.jpg 300w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/03\/EURUSD-Weekly-Inside-Doji-at-20-Week-EMA-768x432.jpg 768w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/03\/EURUSD-Weekly-Inside-Doji-at-20-Week-EMA-1536x864.jpg 1536w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/03\/EURUSD-Weekly-Inside-Doji-at-20-Week-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>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 closing slightly above the 20-week EMA. The market traded sideways for the week.<\/li>\n\n\n\n<li><a href=\"https:\/\/www.brookstradingcourse.com\/analysis\/minor-pullback-on-eurusd\/\" target=\"_blank\" rel=\"noreferrer noopener\">Last week<\/a>, we said that the market may still be in the sideways to up pullback phase. Until the bulls can create a few strong consecutive bull bars, odds slightly favor any pullback (bounce) to be minor and overall favor sideways to down still after the pullback.<\/li>\n\n\n\n<li>The bulls want a retest of the December high followed by a breakout above.<\/li>\n\n\n\n<li>They see the current pullback (from Dec to Feb) as minor and want the 20-week EMA or the bull trend line to act as support.&nbsp;<\/li>\n\n\n\n<li>They see this week simply as a small pullback and want at least another small leg up to retest the February high.<\/li>\n\n\n\n<li>They want a reversal from a double bottom bull flag (Dec 8 and Feb 14).&nbsp;<\/li>\n\n\n\n<li>The problem with the bull\u2019s case is that the prior move down was in a tight bear channel.&nbsp;<\/li>\n\n\n\n<li>They will need to create consecutive bull bars closing near their highs, trading above the 20-week EMA to increase the odds of the bull leg resuming.<\/li>\n\n\n\n<li>The bears got 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 created a tight bear channel closing below the 20-week EMA. They want a retest of the trading range low (Oct 2023 low).<\/li>\n\n\n\n<li>If the market trades higher, the bears want the 20-week EMA to act as resistance followed by at least a small sideways to down leg to retest the February 14 low.<\/li>\n\n\n\n<li>Since this week is an inside bull doji, it is a neutral signal bar for next week.<\/li>\n\n\n\n<li>Traders will see if the bulls can create a follow-through bull bar, or will the market continue to stall around the 20-week EMA.<\/li>\n\n\n\n<li>Traders are looking at the strength of the pullback (bounce). If it is weak and lacks sustained follow-through buying and stalls at the 20-week EMA (as it is now), the odds of another leg down will increase.<\/li>\n\n\n\n<li>The EURUSD is in a 66-week trading range. (Trading range high: July 2023, Trading range low: Oct 2023).&nbsp;<\/li>\n\n\n\n<li>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\n\n\n<li>For now, the market may still be in the sideways to up pullback phase.<\/li>\n\n\n\n<li>Until the bulls can create a few strong consecutive bull bars, odds slightly favor the current pullback (bounce) to be minor and overall favor sideways to down after the pullback.<\/li>\n\n\n\n<li>However, if the bulls can create a few strong consecutive bull bars closing above the 20-week EMA, it can swing the odds in favor of the bull leg resuming.<\/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 monthly chart formed a EURUSD doji in the middle of the trading range and at the 20-month EMA. The bulls want the 20-month EMA to act as support. The bears will need to create follow-through selling below the 20-month EMA to increase the odds of a retest of the October [&hellip;]<\/p>\n","protected":false},"author":2836,"featured_media":201778,"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-201578","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\/03\/EURUSD-Weekly-Inside-Doji-at-20-Week-EMA.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\/201578","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=201578"}],"version-history":[{"count":0,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/posts\/201578\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/media\/201778"}],"wp:attachment":[{"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/media?parent=201578"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/categories?post=201578"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/tags?post=201578"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}