{"id":244832,"date":"2025-07-20T01:30:00","date_gmt":"2025-07-20T08:30:00","guid":{"rendered":"https:\/\/www.brookstradingcourse.com\/?p=244832"},"modified":"2025-07-19T23:53:02","modified_gmt":"2025-07-20T06:53:02","slug":"weekly-eurusd-minor-pullback","status":"publish","type":"post","link":"https:\/\/www.brookstradingcourse.com\/pt-br\/analysis\/weekly-eurusd-minor-pullback\/","title":{"rendered":"Weekly EURUSD Minor Pullback"},"content":{"rendered":"\n<h2 class=\"wp-block-heading\">Market Overview: EURUSD Forex<\/h2>\n\n\n\n<p>The market is forming a weekly EURUSD minor pullback on the weekly chart. The bulls want another leg up to form the wedge pattern, with the first two legs being April 21 and July 1 highs. The bears must create strong bear bars 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-Bears-Need-FT-Bulls-Want-Retest-High.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"680\" height=\"383\" src=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/07\/EURUSD-Weekly-Bears-Need-FT-Bulls-Want-Retest-High-680x383.jpg\" alt=\"EURUSD Weekly - Bears Need FT, Bulls Want Retest High, Weekly EURUSD Minor Pullback\" class=\"wp-image-245000\" title=\"\" srcset=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/07\/EURUSD-Weekly-Bears-Need-FT-Bulls-Want-Retest-High-680x383.jpg 680w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/07\/EURUSD-Weekly-Bears-Need-FT-Bulls-Want-Retest-High-300x169.jpg 300w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/07\/EURUSD-Weekly-Bears-Need-FT-Bulls-Want-Retest-High-768x432.jpg 768w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/07\/EURUSD-Weekly-Bears-Need-FT-Bulls-Want-Retest-High-1536x864.jpg 1536w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/07\/EURUSD-Weekly-Bears-Need-FT-Bulls-Want-Retest-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>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 around the middle of its range with long tails above and below.<\/li>\n\n\n\n<li><a href=\"https:\/\/www.brookstradingcourse.com\/analysis\/eurusd-pullback-below-the-bull-microchannel\/\" target=\"_blank\" rel=\"noreferrer noopener\">Last week<\/a>, we said traders would see if the bears could create strong follow-through selling, or if the move would be brief, lacking follow-through, and followed by a retest of the recent leg high (Jul 1) instead.<\/li>\n\n\n\n<li>The market traded lower, but the small bear body and prominent tails indicate the bears are not yet as strong as they hoped for.<\/li>\n\n\n\n<li>The bears see the recent 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 strong bear bars to increase the odds of a deeper pullback.<\/li>\n\n\n\n<li>The bulls got a strong move up in the form of a tight bull channel.<\/li>\n\n\n\n<li>They want another leg up to form the wedge pattern, with the first two legs being April 21 and July 1 highs.<\/li>\n\n\n\n<li>They want 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>They see the current move simply as a pullback and want it to be weak (long tails below candlesticks, overlapping candlesticks, doji(s), bull bars).<\/li>\n\n\n\n<li>They want a retest of the recent leg extreme high (Jul 1), followed by a continuation of the move.<\/li>\n\n\n\n<li>If there is a deeper pullback, they want the 20-week EMA to act as support.<\/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 current pullback is relatively weaker compared to the prior leg up (May 12 to Jul 1).<\/li>\n\n\n\n<li>The odds slightly favor the pullback to be minor.<\/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 lack strong follow-through selling and be followed by a retest of the recent leg high (Jul 1) 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\/07\/EURUSD-Daily-Bears-Need-FT-Bulls-Want-Retest-High.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"680\" height=\"383\" src=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/07\/EURUSD-Daily-Bears-Need-FT-Bulls-Want-Retest-High-680x383.jpg\" alt=\"EURUSD Daily - Bears Need FT, Bulls Want Retest High\" class=\"wp-image-245003\" title=\"\" srcset=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/07\/EURUSD-Daily-Bears-Need-FT-Bulls-Want-Retest-High-680x383.jpg 680w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/07\/EURUSD-Daily-Bears-Need-FT-Bulls-Want-Retest-High-300x169.jpg 300w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/07\/EURUSD-Daily-Bears-Need-FT-Bulls-Want-Retest-High-768x432.jpg 768w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/07\/EURUSD-Daily-Bears-Need-FT-Bulls-Want-Retest-High-1536x864.jpg 1536w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/07\/EURUSD-Daily-Bears-Need-FT-Bulls-Want-Retest-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 EURUSD traded slightly lower in the first half of the week. Wednesday reversed into an outside bull bar, but there was no follow-through buying. The market traded sideways on Thursday and Friday.<\/li>\n\n\n\n<li><a href=\"https:\/\/www.brookstradingcourse.com\/analysis\/eurusd-pullback-below-the-bull-microchannel\/\" target=\"_blank\" rel=\"noreferrer noopener\">Last week<\/a>, we said traders would see the strength of the pullback, whether it would be deep with strong follow-through selling, or if the move would be sideways with overlapping ranges instead.<\/li>\n\n\n\n<li>So far, the pullback has a lot of overlapping ranges, which indicates the bears are not yet strong.<\/li>\n\n\n\n<li>The bears view the recent rally as 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, followed by a retest of the middle of the trading range.<\/li>\n\n\n\n<li>If the market trades higher, they view it as a retest of the prior trend&#8217;s extreme high (Jul 1) and want a lower high major trend reversal or a small double top.<\/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 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>They want another leg up to form the larger wedge pattern, with the first two legs being April 21 and July 1 highs.<\/li>\n\n\n\n<li>They view the current move as a minor pullback and hope to get a retest of the recent trend extreme high (Jul 1), followed by a resumption of the trend.<\/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>The move up (Jul 1) was strong (in a tight bull channel) but 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 is currently 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 and weak (overlapping ranges, bull bars, doji(s), prominent tails below candlesticks)? If this is the case, the odds of a retest of the July 1 high after the pullback will increase.<\/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","protected":false},"excerpt":{"rendered":"<p>Market Overview: EURUSD Forex The market is forming a weekly EURUSD minor pullback on the weekly chart. The bulls want another leg up to form the wedge pattern, with the first two legs being April 21 and July 1 highs. The bears must create strong bear bars to increase the odds of a deeper pullback. [&hellip;]<\/p>\n","protected":false},"author":2836,"featured_media":245000,"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-244832","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-Bears-Need-FT-Bulls-Want-Retest-High.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\/244832","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=244832"}],"version-history":[{"count":0,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/posts\/244832\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/media\/245000"}],"wp:attachment":[{"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/media?parent=244832"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/categories?post=244832"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/tags?post=244832"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}