{"id":243938,"date":"2025-07-13T01:30:00","date_gmt":"2025-07-13T08:30:00","guid":{"rendered":"https:\/\/www.brookstradingcourse.com\/?p=243938"},"modified":"2025-07-12T08:46:44","modified_gmt":"2025-07-12T15:46:44","slug":"eurusd-pullback-below-the-bull-microchannel","status":"publish","type":"post","link":"https:\/\/www.brookstradingcourse.com\/pt-br\/analysis\/eurusd-pullback-below-the-bull-microchannel\/","title":{"rendered":"EURUSD Pullback Below the 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 pullback below the bull microchannel this week. The bulls want a retest of the recent leg extreme high (Jul 1) followed by a continuation of the move. The bears must create follow-through selling to increase the odds of a deeper pullback.<\/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\/07\/EURUSD-Weekly-PB-Below-Bull-Microchannel-Bulls-Need-FT.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"680\" height=\"383\" src=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/07\/EURUSD-Weekly-PB-Below-Bull-Microchannel-Bulls-Need-FT-680x383.jpg\" alt=\"EURUSD Weekly - PB Below Bull Microchannel, Bulls Need FT, EURUSD Pullback Below the Bull Microchannel\" class=\"wp-image-244177\" title=\"\" srcset=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/07\/EURUSD-Weekly-PB-Below-Bull-Microchannel-Bulls-Need-FT-680x383.jpg 680w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/07\/EURUSD-Weekly-PB-Below-Bull-Microchannel-Bulls-Need-FT-300x169.jpg 300w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/07\/EURUSD-Weekly-PB-Below-Bull-Microchannel-Bulls-Need-FT-768x432.jpg 768w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/07\/EURUSD-Weekly-PB-Below-Bull-Microchannel-Bulls-Need-FT-1536x864.jpg 1536w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/07\/EURUSD-Weekly-PB-Below-Bull-Microchannel-Bulls-Need-FT.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 bear bar closing in its lower half with a small tail below.<\/li>\n\n\n\n<li><a href=\"https:\/\/www.brookstradingcourse.com\/analysis\/strong-eurusd-breakout\/\" target=\"_blank\" rel=\"noreferrer noopener\">Last week<\/a>, we said traders would see if the bulls could create more follow-through buying testing near the May 2021 high, or if the market would stall and form a pullback in the weeks ahead instead.<\/li>\n\n\n\n<li>The market formed a pullback breaking the 8-bar bull microchannel streak.<\/li>\n\n\n\n<li>The bulls got a strong move up in the form of a tight bull channel and 3 pushes (Mar 18, Apr 21, and Jul 1).<\/li>\n\n\n\n<li>They want a strong breakout above the trading range 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 recent 8-bar bull microchannel indicates persistent buying. There may be buyers below the first pullback.<\/li>\n\n\n\n<li>If there is a deeper pullback, the bulls want the 20-week EMA to act as support followed by a retest of the recent leg extreme high (Jul 1) followed by a continuation of the move.<\/li>\n\n\n\n<li>The bears see the current move as a bull leg and a buy vacuum test of the multi-year trading range high.<\/li>\n\n\n\n<li>They want a reversal from a wedge pattern (Mar 18, Apr 21, and Jul 1) and an embedded wedge (May 26, Jun 12, and Jul 1).<\/li>\n\n\n\n<li>They want the upper third of the multi-year trading range or May 2021 high to act as areas of resistance and the move to form a lower high (vs May 2021).<\/li>\n\n\n\n<li>They want a TBTL (Ten Bars, Two Legs) pullback lasting a few weeks.<\/li>\n\n\n\n<li>They must create follow-through selling to increase the odds of a deeper pullback.<\/li>\n\n\n\n<li>The move up (Jul 1) 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 recent leg up (from the May 12 low) was in an 8-bar bull microchannel which means persistent buying. There may be buyers below the first pullback.<\/li>\n\n\n\n<li>For now, traders will see if the bears can create strong follow-through selling.<\/li>\n\n\n\n<li>Or will the move be brief, lacking follow-through selling and followed by a retest of the recent leg high (Jul 1) instead?<\/li>\n\n\n\n<li>For now, the odds slightly favor the pullback to be minor.<\/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\/07\/EURUSD-Daily-PB-to-EMA-Tight-Bull-Channel-Bears-Need-FT.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"680\" height=\"383\" src=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/07\/EURUSD-Daily-PB-to-EMA-Tight-Bull-Channel-Bears-Need-FT-680x383.jpg\" alt=\"EURUSD Daily - PB to EMA, Tight Bull Channel, Bears Need FT\" class=\"wp-image-244180\" title=\"\" srcset=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/07\/EURUSD-Daily-PB-to-EMA-Tight-Bull-Channel-Bears-Need-FT-680x383.jpg 680w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/07\/EURUSD-Daily-PB-to-EMA-Tight-Bull-Channel-Bears-Need-FT-300x169.jpg 300w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/07\/EURUSD-Daily-PB-to-EMA-Tight-Bull-Channel-Bears-Need-FT-768x432.jpg 768w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/07\/EURUSD-Daily-PB-to-EMA-Tight-Bull-Channel-Bears-Need-FT-1536x864.jpg 1536w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/07\/EURUSD-Daily-PB-to-EMA-Tight-Bull-Channel-Bears-Need-FT.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 formed a pullback to the 20-day EMA this week after trading above the April 21 high.<\/li>\n\n\n\n<li><a href=\"https:\/\/www.brookstradingcourse.com\/analysis\/eurusd-7-bar-bull-microchannel\/\" target=\"_blank\" rel=\"noreferrer noopener\">Previously<\/a>, we said traders would see if the bulls could create more follow-through buying trading above the April 21 high, or if the market would stall and form a pullback instead.<\/li>\n\n\n\n<li>The bears see the current move forming a large wedge pattern (Mar 18, Apr 21, and Jul 1) and an embedded wedge in the third leg up (May 26, Jun 12, and Jul 1).<\/li>\n\n\n\n<li>They want a reversal from a higher high major trend reversal and a failed breakout followed by a retest of the middle of the trading range.<\/li>\n\n\n\n<li>If the market trades higher, they see it as a retest of the prior trend extreme high (Jul 1) and want a lower high major trend reversal or a small double top.<\/li>\n\n\n\n<li>They want at least a second leg sideways to down.<\/li>\n\n\n\n<li>The bears 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 trading range, followed by a measured move (based on the height of the trading range) which will take the market to near the 2021 high area.<\/li>\n\n\n\n<li>The move up is in a tight bull channel and has 3 pushes, therefore a wedge pattern (Mar 18, Apr 21, and Jul 1).<\/li>\n\n\n\n<li>They want the 20-day EMA or the bull trend line to be support areas.<\/li>\n\n\n\n<li>If the market forms a deeper pullback, they want a higher low and a large double bottom bull flag with the May 12 low.<\/li>\n\n\n\n<li>They want a retest of the recent trend extreme high (Jul 1) followed by a resumption of the trend.<\/li>\n\n\n\n<li>The move up (Jul 1) while strong (tight bull channel), has lasted a long time and is slightly climactic.<\/li>\n\n\n\n<li>The market may have to form a pullback before the move resumes higher. The pullback phase may be underway.<\/li>\n\n\n\n<li>For now, traders will see the strength of the pullback. Will it be deep with strong follow-through selling?<\/li>\n\n\n\n<li>Or will the move be sideways with overlapping ranges?<\/li>\n\n\n\n<li>Odds slightly favor the pullback to be minor.<\/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\n\n","protected":false},"excerpt":{"rendered":"<p>Market Overview: EURUSD Forex The market formed a EURUSD pullback below the bull microchannel this week. The bulls want a retest of the recent leg extreme high (Jul 1) followed by a continuation of the move. The bears must create follow-through selling to increase the odds of a deeper pullback. EURUSD Forex market The Weekly [&hellip;]<\/p>\n","protected":false},"author":2836,"featured_media":244177,"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-243938","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\/07\/EURUSD-Weekly-PB-Below-Bull-Microchannel-Bulls-Need-FT.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\/243938","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=243938"}],"version-history":[{"count":0,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/posts\/243938\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/media\/244177"}],"wp:attachment":[{"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/media?parent=243938"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/categories?post=243938"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/tags?post=243938"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}