{"id":239367,"date":"2025-06-01T01:30:00","date_gmt":"2025-06-01T08:30:00","guid":{"rendered":"https:\/\/www.brookstradingcourse.com\/?p=239367"},"modified":"2025-06-01T00:56:44","modified_gmt":"2025-06-01T07:56:44","slug":"eurusd-bulls-need-more-follow-through-buying","status":"publish","type":"post","link":"https:\/\/www.brookstradingcourse.com\/pt-br\/analysis\/eurusd-bulls-need-more-follow-through-buying\/","title":{"rendered":"EURUSD Bulls Need More Follow-through Buying"},"content":{"rendered":"\n<h2 class=\"wp-block-heading\">Market Overview: EURUSD Forex<\/h2>\n\n\n\n<p>The EURUSD bulls need more follow-through buying trading above the April 21 high. The bears want the market to form a lower high or a double top with the April 21 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>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\/2025\/06\/EURUSD-Monthly-Bulls-Want-Retest-BO-Above-April-High.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"680\" height=\"383\" src=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/06\/EURUSD-Monthly-Bulls-Want-Retest-BO-Above-April-High-680x383.jpg\" alt=\"EURUSD Monthly - Bulls Want Retest &amp; BO Above April High, EURUSD Bulls Need More Follow-through Buying\" class=\"wp-image-239565\" title=\"\" srcset=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/06\/EURUSD-Monthly-Bulls-Want-Retest-BO-Above-April-High-680x383.jpg 680w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/06\/EURUSD-Monthly-Bulls-Want-Retest-BO-Above-April-High-300x169.jpg 300w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/06\/EURUSD-Monthly-Bulls-Want-Retest-BO-Above-April-High-768x432.jpg 768w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/06\/EURUSD-Monthly-Bulls-Want-Retest-BO-Above-April-High-1536x864.jpg 1536w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/06\/EURUSD-Monthly-Bulls-Want-Retest-BO-Above-April-High.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 May monthly EURUSD candlestick was a bull doji closing in its upper half with a long tail below.<\/li>\n\n\n\n<li><a href=\"https:\/\/www.brookstradingcourse.com\/analysis\/monthly-eurusd-bull-breakout\/\" target=\"_blank\" rel=\"noreferrer noopener\">Last month<\/a>, we said traders would see if the bulls could create a follow-through bull bar in May, or if the market would form an inside bar or a bear bar closing near its low and trading back into the trading range instead.<\/li>\n\n\n\n<li>The market traded back into the trading range earlier in the month but reversed to form a follow-through bull doji.<\/li>\n\n\n\n<li>The bulls got some follow-through buying in May.<\/li>\n\n\n\n<li>Previously, they got a big bull bar breaking above the trading range.<\/li>\n\n\n\n<li>They want a strong breakout and a measured move based on the height of the trading range which will take the market to the 2021 high area.<\/li>\n\n\n\n<li>The current move is in a 5-bar bull microchannel. That means persistent buying.<\/li>\n\n\n\n<li>They want a retest of the April 21 high and a resumption of the move in June.<\/li>\n\n\n\n<li>The bears see the rally (April 21) as a bull leg and a buy vacuum test of the trading range high.<\/li>\n\n\n\n<li>They want a failed breakout followed by a retest of the middle of the trading range (around the 20-month EMA).<\/li>\n\n\n\n<li>If the market trades higher, they want it to form a lower high or a double top with the April 21 high.<\/li>\n\n\n\n<li>They must create strong bear bars to show they are back in control.<\/li>\n\n\n\n<li>So far, the bulls have a breakout above the top of the trading range with some follow-through buying.<\/li>\n\n\n\n<li>As strong as the move is, it could still be a bull leg and a buy vacuum within the trading range.<\/li>\n\n\n\n<li>Markets have inertia. Most breakouts from trading ranges fail and odds slightly favor the trading range to continue.<\/li>\n\n\n\n<li>However, if the bulls can create follow-through buying, that would increase the odds of higher prices and possibly a measured move-up.<\/li>\n\n\n\n<li>For now, traders will see if the bulls can create a strong retest and breakout above the April 21 high, closing June as a strong bull bar.<\/li>\n\n\n\n<li>Or will the market trade slightly higher, but stall around the April 21 high area and close with a long tail or a bear body instead?<\/li>\n\n\n\n<li>If this is the case, especially if June closes as a strong bear bar, the odds of a failed breakout 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\/2025\/06\/EURUSD-Weekly-Bulls-Want-Retest-High-Bears-LH-MTR.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"680\" height=\"383\" src=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/06\/EURUSD-Weekly-Bulls-Want-Retest-High-Bears-LH-MTR-680x383.jpg\" alt=\"EURUSD Weekly - Bulls Want Retest High, Bears LH MTR\" class=\"wp-image-239568\" title=\"\" srcset=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/06\/EURUSD-Weekly-Bulls-Want-Retest-High-Bears-LH-MTR-680x383.jpg 680w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/06\/EURUSD-Weekly-Bulls-Want-Retest-High-Bears-LH-MTR-300x169.jpg 300w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/06\/EURUSD-Weekly-Bulls-Want-Retest-High-Bears-LH-MTR-768x432.jpg 768w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/06\/EURUSD-Weekly-Bulls-Want-Retest-High-Bears-LH-MTR-1536x864.jpg 1536w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/06\/EURUSD-Weekly-Bulls-Want-Retest-High-Bears-LH-MTR.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-retest-of-the-april-21-high\/\" target=\"_blank\" rel=\"noreferrer noopener\">Last week<\/a>, we said traders would see if the bulls could create a follow-through bull bar testing near the April 21 high, or if the market would lack follow-through buying.<\/li>\n\n\n\n<li>The market traded higher earlier in the week but formed a pullback. The follow-through selling in the pullback was limited and the market closed in its upper half.<\/li>\n\n\n\n<li>The bears see the rally to the April 21 high as a large 2-legged bull leg and a buy vacuum test of the trading range high.<\/li>\n\n\n\n<li>They want a failed breakout followed by a retest of the middle of the trading range.<\/li>\n\n\n\n<li>They recently got a pullback trading back into the trading range in a 4-bar bear microchannel.<\/li>\n\n\n\n<li>They want at least a small second leg sideways to down leg to retest the May 12 low.<\/li>\n\n\n\n<li>They see the current move as a retest of the April 21 high and want it to form a lower high major trend reversal or a double top.<\/li>\n\n\n\n<li>They must create strong bear bars to show they are back in control.<\/li>\n\n\n\n<li>The bulls want a retest of the April 21 high, followed by a strong breakout and a measured move based on the height of the trading range. That would take the market to the 2021 high area.<\/li>\n\n\n\n<li>They see the recent leg (May 12) as a 50% pullback of the move which started from the March 27 low.<\/li>\n\n\n\n<li>They want another big leg up to complete the wedge pattern, with the first two legs being March 18 and April 21.<\/li>\n\n\n\n<li>They see this week simply as a pullback and want at least another leg up next week testing near the April 21 high.<\/li>\n\n\n\n<li>They must create strong follow-through buying over the next few weeks to increase the odds of a successful breakout.<\/li>\n\n\n\n<li>The move up (Feb 28 low to Apr 21 high) was in a tight bull channel with big bull bars.<\/li>\n\n\n\n<li>The pullback from the April 21 high to the May 12 low, while persistent, was relatively weaker than the leg up before it (Mar 27 low to Apr 21 high).<\/li>\n\n\n\n<li>Most breakouts from trading ranges fail. Markets have inertia and tend to continue what they have been doing.<\/li>\n\n\n\n<li>That means trading ranges (and trends) are resistant to change and tend to continue.<\/li>\n\n\n\n<li>The bulls must create strong follow-through buying to retest the April 21 high to increase the odds of a successful breakout.<\/li>\n\n\n\n<li>If the market trades slightly higher but lacks strong follow-through buying (overlapping candlesticks, doji(s), inside bars, long tails above candlesticks), and forms a lower high, the odds of a lower high major trend reversal or a double top will increase.<\/li>\n\n\n\n<li>For now, traders will see if the bulls can create follow-through buying testing near the April 21 high.<\/li>\n\n\n\n<li>Or will the follow-through buying be disappointing for the bulls instead?<\/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 bulls need more follow-through buying trading above the April 21 high. The bears want the market to form a lower high or a double top with the April 21 high. EURUSD Forex market The Monthly EURUSD Forex chart The Weekly EURUSD chart Market analysis reports archive You can access [&hellip;]<\/p>\n","protected":false},"author":2836,"featured_media":239568,"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-239367","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\/06\/EURUSD-Weekly-Bulls-Want-Retest-High-Bears-LH-MTR.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\/239367","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=239367"}],"version-history":[{"count":0,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/posts\/239367\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/media\/239568"}],"wp:attachment":[{"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/media?parent=239367"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/categories?post=239367"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/tags?post=239367"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}