{"id":230755,"date":"2025-02-23T01:30:00","date_gmt":"2025-02-23T09:30:00","guid":{"rendered":"https:\/\/www.brookstradingcourse.com\/?p=230755"},"modified":"2025-02-22T13:40:47","modified_gmt":"2025-02-22T21:40:47","slug":"weekly-eurusd-bulls-need-follow-through-buying","status":"publish","type":"post","link":"https:\/\/www.brookstradingcourse.com\/pt-br\/analysis\/weekly-eurusd-bulls-need-follow-through-buying\/","title":{"rendered":"Weekly EURUSD Bulls Need Follow-through Buying"},"content":{"rendered":"\n<h2 class=\"wp-block-heading\">Market Overview: EURUSD Forex<\/h2>\n\n\n\n<p>The weekly EURUSD bulls need follow-through buying and a breakout above the January 27 high trading far above the bear trend line and the 20-week EMA to increase the odds of the bull leg beginning. The bears want a reversal from a double top bear flag (Jan 27 and Feb 14), or a wedge bear flag (Dec 6, Jan 27 and Feb 14) followed by a retest of the January 13 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>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\/2025\/02\/EURUSD-Weekly-Bears-Want-DT-Bear-Flag-Bulls-Need-BO.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"680\" height=\"383\" src=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/02\/EURUSD-Weekly-Bears-Want-DT-Bear-Flag-Bulls-Need-BO-680x383.jpg\" alt=\"EURUSD Weekly - Bears Want DT Bear Flag, Bulls Need BO, Weekly EURUSD Bulls Need Follow-through Buying\" class=\"wp-image-230890\" title=\"\" srcset=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/02\/EURUSD-Weekly-Bears-Want-DT-Bear-Flag-Bulls-Need-BO-680x383.jpg 680w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/02\/EURUSD-Weekly-Bears-Want-DT-Bear-Flag-Bulls-Need-BO-300x169.jpg 300w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/02\/EURUSD-Weekly-Bears-Want-DT-Bear-Flag-Bulls-Need-BO-768x432.jpg 768w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/02\/EURUSD-Weekly-Bears-Want-DT-Bear-Flag-Bulls-Need-BO-1536x864.jpg 1536w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/02\/EURUSD-Weekly-Bears-Want-DT-Bear-Flag-Bulls-Need-BO.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\u00a0week\u2019s\u00a0candlestick on the\u00a0<a href=\"https:\/\/www.investing.com\/currencies\/eur-usd\" target=\"_blank\" rel=\"noreferrer noopener\">weekly EURUSD Forex chart<\/a> was a bear doji closing in its upper half with a long tail below.<\/li>\n\n\n\n<li><a href=\"https:\/\/www.brookstradingcourse.com\/analysis\/eurusd-bulls-need-a-breakout\/\" target=\"_blank\" rel=\"noreferrer noopener\">Last week<\/a>, we said the market may still trade a little higher. Traders would see if the bulls could create more follow-through buying trading far above the bear trend line and the 20-week EMA or if the market would trade slightly higher but stall around the 20-week EMA or the December 6 high areas instead.<\/li>\n\n\n\n<li>The market traded lower in the first half of the week, but the follow-through selling was not yet strong.<\/li>\n\n\n\n<li>The bulls see the whole move down (from Sept) as a sell vacuum and a bear leg within a trading range.<\/li>\n\n\n\n<li>They see the recent move (Feb 3) as a retest of the prior trend&#8217;s extreme low and want a higher low major trend reversal.<\/li>\n\n\n\n<li>They want a failed breakout (below the trading range) followed by a retest of the middle of the trading range (near the Nov 6 high area).<\/li>\n\n\n\n<li>They must create a breakout above the January 27 high with follow-through buying trading far above the bear trend line and the 20-week EMA to increase the odds of the bull leg beginning.<\/li>\n\n\n\n<li>The bears see the current move as a pullback.<\/li>\n\n\n\n<li>They want a reversal from a double top bear flag (Jan 27 and Feb 14), or a wedge bear flag (Dec 6, Jan 27 and Feb 14) followed by a retest of the January 13 low.<\/li>\n\n\n\n<li>They hope the 20-week EMA and the bear trend line will act as resistance.<\/li>\n\n\n\n<li>They want a strong breakout (below the trading range), and a measured move based on the height of the trading range.<\/li>\n\n\n\n<li>The problem with the bear\u2019s case is that the breakout and follow-through selling below the trading range has been limited.<\/li>\n\n\n\n<li>They need to create strong consecutive bear bars closing near their lows to increase the odds of a successful breakout.<\/li>\n\n\n\n<li>So far, the market has traded sideways in the last 10 weeks.<\/li>\n\n\n\n<li>The buying pressure since the January 13 low is stronger (big bull bar, consecutive bull bars) compared to the weaker selling pressure (bear bar with limited follow-through selling).<\/li>\n\n\n\n<li>Since this week\u2019s candlestick is an inside bear doji, the market is in breakout mode.<\/li>\n\n\n\n<li>The bulls want a breakout above, while the bears want a breakout below the inside bar.<\/li>\n\n\n\n<li>Traders will see if the bulls can create more follow-through buying trading far above the bear trend line and the 20-week EMA.<\/li>\n\n\n\n<li>Or will the bears be able to create a follow-through bear bar as the market continues to stall around the 20-week EMA instead?<\/li>\n\n\n\n<li>Most breakouts from trading ranges fail and odds favor the trading range to continue.<\/li>\n\n\n\n<li>The longer the bears fail to create follow-through selling below the trading range, the more the odds will swing in favor of a bull leg trading back into the trading range.<\/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\/2025\/02\/EURUSD-Daily-Bulls-Need-BO-Bears-Want-DT-Wedge-BF.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"680\" height=\"383\" src=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/02\/EURUSD-Daily-Bulls-Need-BO-Bears-Want-DT-Wedge-BF-680x383.jpg\" alt=\"EURUSD Daily - Bulls Need BO, Bears Want DT - Wedge BF\" class=\"wp-image-230893\" title=\"\" srcset=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/02\/EURUSD-Daily-Bulls-Need-BO-Bears-Want-DT-Wedge-BF-680x383.jpg 680w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/02\/EURUSD-Daily-Bulls-Need-BO-Bears-Want-DT-Wedge-BF-300x169.jpg 300w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/02\/EURUSD-Daily-Bulls-Need-BO-Bears-Want-DT-Wedge-BF-768x432.jpg 768w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/02\/EURUSD-Daily-Bulls-Need-BO-Bears-Want-DT-Wedge-BF-1536x864.jpg 1536w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/02\/EURUSD-Daily-Bulls-Need-BO-Bears-Want-DT-Wedge-BF.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 lower in the first half of the week testing the 20-day EMA. Thursday traded higher with Friday closing as a bear bar near its low. The market traded sideways for the week.<\/li>\n\n\n\n<li><a href=\"https:\/\/www.brookstradingcourse.com\/analysis\/eurusd-bulls-need-a-breakout\/\" target=\"_blank\" rel=\"noreferrer noopener\">Last week<\/a>, we said the buying pressure since the January 13 low is slightly stronger. Traders would see if the bulls could create a breakout above the January 27 high with sustained follow-through buying, or if the market would trade slightly higher but stall around the January 27 or December 6 high area instead.<\/li>\n\n\n\n<li>The bulls see the whole move since September as a sell vacuum and a bear leg testing the trading range low.<\/li>\n\n\n\n<li>They want a failed breakout (below the trading range) and a reversal from a wedge pattern (Oct 23, Nov 22, and Jan 13), an embedded wedge (Dec 13, Jan 2, and Jan 13) and a higher low major trend reversal (Feb 3).<\/li>\n\n\n\n<li>They want a breakout above the January 27 high followed by a measured move based on the height of the 10-week trading range.<\/li>\n\n\n\n<li>They must create follow-through buying trading far above the January 27 and December 6 highs to increase the odds of the bull leg beginning.<\/li>\n\n\n\n<li>If the market trades lower, they want the 20-day EMA to act as support.<\/li>\n\n\n\n<li>The bears see the current move as a pullback and want a reversal from a double top bear flag (Jan 27 and Feb 14) or a wedge bear flag (Dec 6, Jan 27 and Feb 14).<\/li>\n\n\n\n<li>They hope that the January 27 or December 6 highs will act as resistance and to get a retest of the January 13 low followed by a breakout below.<\/li>\n\n\n\n<li>So far, the follow-through selling following the breakout below the trading range has been limited.<\/li>\n\n\n\n<li>They need to create strong consecutive bear bars to show that they are back in control.<\/li>\n\n\n\n<li>The market has traded sideways in the last 10 weeks.<\/li>\n\n\n\n<li>The buying pressure since the January 13 low is slightly stronger (consecutive bull bars, bigger bull bars) compared to the weaker selling pressure (bear bars with limited follow-through selling).<\/li>\n\n\n\n<li>For now, traders will see if the bulls can create a breakout above the January 27 high with sustained follow-through buying.<\/li>\n\n\n\n<li>Or will the bears be able to create a bear leg to retest near the January 13 low area instead?<\/li>\n\n\n\n<li>Most breakouts from trading ranges fail and odds favor the trading range to continue.<\/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 weekly EURUSD bulls need follow-through buying and a breakout above the January 27 high trading far above the bear trend line and the 20-week EMA to increase the odds of the bull leg beginning. The bears want a reversal from a double top bear flag (Jan 27 and Feb 14), [&hellip;]<\/p>\n","protected":false},"author":2836,"featured_media":230890,"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-230755","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\/2025\/02\/EURUSD-Weekly-Bears-Want-DT-Bear-Flag-Bulls-Need-BO.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\/230755","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=230755"}],"version-history":[{"count":0,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/posts\/230755\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/media\/230890"}],"wp:attachment":[{"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/media?parent=230755"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/categories?post=230755"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/tags?post=230755"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}