{"id":242738,"date":"2025-06-29T01:30:00","date_gmt":"2025-06-29T08:30:00","guid":{"rendered":"https:\/\/www.brookstradingcourse.com\/?p=242738"},"modified":"2025-06-29T01:12:20","modified_gmt":"2025-06-29T08:12:20","slug":"eurusd-7-bar-bull-microchannel","status":"publish","type":"post","link":"https:\/\/www.brookstradingcourse.com\/pt-br\/analysis\/eurusd-7-bar-bull-microchannel\/","title":{"rendered":"EURUSD 7-Bar Bull Microchannel"},"content":{"rendered":"\n<h2 class=\"wp-block-heading\">Market Overview: EURUSD Forex<\/h2>\n\n\n\n<p>The market formed a EURUSD 7-bar bull microchannel on the weekly chart which means persistent buying. The bulls must create strong follow-through buying above the April 21 high to increase the odds of a successful breakout.The bears see the current move forming a wedge pattern (Mar 18, Apr 21, and Jun 27) and a higher high major trend reversal.<\/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\/06\/EURUSD-Weekly-7-Bar-Bull-MC-Bulls-Need-FT-Buying.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"680\" height=\"383\" src=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/06\/EURUSD-Weekly-7-Bar-Bull-MC-Bulls-Need-FT-Buying-680x383.jpg\" alt=\"EURUSD Weekly - 7-Bar Bull MC, Bulls Need FT Buying, EURUSD 7-Bar Bull Microchannel\" class=\"wp-image-242895\" title=\"\" srcset=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/06\/EURUSD-Weekly-7-Bar-Bull-MC-Bulls-Need-FT-Buying-680x383.jpg 680w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/06\/EURUSD-Weekly-7-Bar-Bull-MC-Bulls-Need-FT-Buying-300x169.jpg 300w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/06\/EURUSD-Weekly-7-Bar-Bull-MC-Bulls-Need-FT-Buying-768x432.jpg 768w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/06\/EURUSD-Weekly-7-Bar-Bull-MC-Bulls-Need-FT-Buying-1536x864.jpg 1536w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/06\/EURUSD-Weekly-7-Bar-Bull-MC-Bulls-Need-FT-Buying.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 candlestick on the\u00a0<a href=\"https:\/\/www.investing.com\/currencies\/eur-usd\" target=\"_blank\" rel=\"noreferrer noopener\">weekly EURUSD Forex chart<\/a> was a bull bar closing near its high with a small tail above.<\/li>\n\n\n\n<li><a href=\"https:\/\/www.brookstradingcourse.com\/analysis\/eurusd-bulls-need-a-strong-breakout\/\" target=\"_blank\" rel=\"noreferrer noopener\">Last week<\/a>, we said traders would see if the bulls could create more follow-through buying trading above the April 21 high, or if the bears would be able to form strong bear bars in the weeks ahead instead.<\/li>\n\n\n\n<li>The market opened slightly lower followed by sideways to up trading for the whole week.<\/li>\n\n\n\n<li>The bears see the current move forming a wedge pattern (Mar 18, Apr 21, and Jun 27) and a higher high major trend reversal.<\/li>\n\n\n\n<li>They also see an embedded wedge in the current leg up (May 26, Jun 12, and Jun 27).<\/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 must create strong bear bars with sustained follow-through selling to show they are back in control.<\/li>\n\n\n\n<li>The bulls want 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 want another big leg up to complete the wedge pattern, with the first two legs being March 18 and April 21. The third leg is currently underway.<\/li>\n\n\n\n<li>The current leg is in a 7-bar bull microchannel which means persistent buying. There may be buyers below the first pullback.<\/li>\n\n\n\n<li>They must create strong follow-through buying above the April 21 high to increase the odds of a successful breakout.<\/li>\n\n\n\n<li>If there is a pullback, they want the 20-week EMA to act as support, forming a double bottom bull flag (with May 12 low).<\/li>\n\n\n\n<li>The move is in a tight bull channel with stronger buying pressure (big bull bars, consecutive bull bars) vs weaker selling pressure (bear bars with limited follow-through selling).<\/li>\n\n\n\n<li>The current leg up is in a 7-bar bull microchannel which means persistent buying. There may be buyers below the first pullback.<\/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>However, if the bulls can create strong follow-through buying above the April 21 high, that would increase the odds of a successful breakout and a measured move.<\/li>\n\n\n\n<li>For now, traders will see if the bulls can create more follow-through buying above the April 21 high.<\/li>\n\n\n\n<li>Or will the market stall and form some bear bars in the weeks ahead instead?<\/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\/06\/EURUSD-Daily-Bulls-Need-FT-Buying-Bears-See-Wedge.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"680\" height=\"383\" src=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/06\/EURUSD-Daily-Bulls-Need-FT-Buying-Bears-See-Wedge-680x383.jpg\" alt=\"EURUSD Daily - Bulls Need FT Buying, Bears See Wedge\" class=\"wp-image-242898\" title=\"\" srcset=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/06\/EURUSD-Daily-Bulls-Need-FT-Buying-Bears-See-Wedge-680x383.jpg 680w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/06\/EURUSD-Daily-Bulls-Need-FT-Buying-Bears-See-Wedge-300x169.jpg 300w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/06\/EURUSD-Daily-Bulls-Need-FT-Buying-Bears-See-Wedge-768x432.jpg 768w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/06\/EURUSD-Daily-Bulls-Need-FT-Buying-Bears-See-Wedge-1536x864.jpg 1536w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/06\/EURUSD-Daily-Bulls-Need-FT-Buying-Bears-See-Wedge.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 opened at the 20-day EMA but there was no follow-through selling. The market traded higher and broke above the April 21 high with follow-through buying.<\/li>\n\n\n\n<li><a href=\"https:\/\/www.brookstradingcourse.com\/analysis\/eurusd-bulls-need-a-strong-breakout\/\" target=\"_blank\" rel=\"noreferrer noopener\">Last week<\/a>, we said traders would see if the bulls could create strong follow-through buying trading above the April 21 high, or if the market would stall around the April 21 high followed by a TBTL (Ten Bars, Two Legs) pullback instead.<\/li>\n\n\n\n<li>The bears see the current move forming a large wedge pattern (Mar 18, Apr 21, and Jun 27) and an embedded wedge in the third leg up (May 26, Jun 12, and Jun 27).<\/li>\n\n\n\n<li>They want a reversal from a higher high major trend reversal.<\/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 must create strong consecutive bear bars trading far below the 20-day EMA to show they are back in control.<\/li>\n\n\n\n<li>The bulls want a strong breakout above the April 21 high, followed by a measured move based on the height of the trading range. That would take the market to near the 2021 high area.<\/li>\n\n\n\n<li>They want the third leg up to complete the large wedge pattern, with the first two legs being March 18 and April 21. The third leg up is currently underway.<\/li>\n\n\n\n<li>If the market trades lower, they want the 20-day EMA or the bull trend line to be support areas, forming a large double bottom bull flag with the May 12 low.<\/li>\n\n\n\n<li>They must create sustained follow-through buying above the April 21 high to increase the odds of a successful breakout and a measured move.<\/li>\n\n\n\n<li>So far, the move up from the May 12 low has overlapping ranges which indicates the bulls are not as strong as the prior legs up.<\/li>\n\n\n\n<li>The move is in a tight bull channel with bear bars having limited follow-through selling which means stronger bulls.<\/li>\n\n\n\n<li>Markets have inertia, and odds slightly favor the trading range to continue.<\/li>\n\n\n\n<li>However, if the bulls can create sustained follow-through buying over the next few weeks, the odds of a successful breakout and a measured move will increase.<\/li>\n\n\n\n<li>For now, traders will see if the bulls can create more follow-through buying trading above the April 21 high.<\/li>\n\n\n\n<li>Or will the market stall and form a pullback 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 market formed a EURUSD 7-bar bull microchannel on the weekly chart which means persistent buying. The bulls must create strong follow-through buying above the April 21 high to increase the odds of a successful breakout.The bears see the current move forming a wedge pattern (Mar 18, Apr 21, and Jun [&hellip;]<\/p>\n","protected":false},"author":2836,"featured_media":242895,"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":[60],"class_list":{"0":"post-242738","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-forex","8":"category-analysis","9":"tag-sp-emini","10":"entry","11":"override","12":"shadow"},"featured_image_src":"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/06\/EURUSD-Weekly-7-Bar-Bull-MC-Bulls-Need-FT-Buying.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\/242738","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=242738"}],"version-history":[{"count":0,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/posts\/242738\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/media\/242895"}],"wp:attachment":[{"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/media?parent=242738"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/categories?post=242738"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/tags?post=242738"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}