{"id":246861,"date":"2025-08-10T01:30:00","date_gmt":"2025-08-10T08:30:00","guid":{"rendered":"https:\/\/www.brookstradingcourse.com\/?p=246861"},"modified":"2025-08-09T12:16:29","modified_gmt":"2025-08-09T19:16:29","slug":"weekly-eurusd-two-legged-pullback","status":"publish","type":"post","link":"https:\/\/www.brookstradingcourse.com\/pt-br\/analysis\/weekly-eurusd-two-legged-pullback\/","title":{"rendered":"Weekly EURUSD Two-Legged Pullback"},"content":{"rendered":"\n<h2 class=\"wp-block-heading\">Market Overview: EURUSD Forex<\/h2>\n\n\n\n<p>The market formed a weekly EURUSD two-legged pullback testing the 20-week EMA. The bears want another leg down to form the wedge pattern (with the first two legs being Jul 17 and Aug 1 lows). The bulls want a retest and breakout above the July 1 high, followed by a resumption of the trend from a double bottom bull flag (Jul 17 and Aug 1) and a 20-gap bar buy setup.<\/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\/08\/EURUSD-Weekly-PB-Retest-High-or-3rd-Leg-Down.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"680\" height=\"383\" src=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/08\/EURUSD-Weekly-PB-Retest-High-or-3rd-Leg-Down-680x383.jpg\" alt=\"EURUSD Weekly - PB, Retest High or 3rd Leg Down, Weekly EURUSD Two-Legged Pullback\" class=\"wp-image-246988\" title=\"\" srcset=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/08\/EURUSD-Weekly-PB-Retest-High-or-3rd-Leg-Down-680x383.jpg 680w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/08\/EURUSD-Weekly-PB-Retest-High-or-3rd-Leg-Down-300x169.jpg 300w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/08\/EURUSD-Weekly-PB-Retest-High-or-3rd-Leg-Down-768x432.jpg 768w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/08\/EURUSD-Weekly-PB-Retest-High-or-3rd-Leg-Down-1536x864.jpg 1536w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/08\/EURUSD-Weekly-PB-Retest-High-or-3rd-Leg-Down.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 an inside bull bar with prominent tails above and below.<\/li>\n\n\n\n<li><a href=\"https:\/\/www.brookstradingcourse.com\/analysis\/monthly-eurusd-pullback-below-bull-microchannel\/\" target=\"_blank\" rel=\"noreferrer noopener\">Last week<\/a>, we said traders would see if the bears could create more follow-through selling or if the pullback would be weak, holding above the 20-week EMA.<\/li>\n\n\n\n<li>So far, the pullback has overlapping ranges and is holding above the 20-week EMA.<\/li>\n\n\n\n<li>The bears see the recent move (Jul 1) as a bull leg and a buy vacuum test of the multi-year trading range high. They want the move to form a lower high (vs Jan 2021).<\/li>\n\n\n\n<li>They want the upper third of the multi-year trading range, or the May 2021 high, to act as a resistance area.<\/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>So far, they got a 2-legged pullback following the wedge (Mar 18, Apr 21, and Jul 1) and embedded wedge (May 26, Jun 12, and Jul 1) patterns.<\/li>\n\n\n\n<li>They want another leg down to form the wedge pattern (with the first two legs being Jul 17 and Aug 1 lows).<\/li>\n\n\n\n<li>If the market trades higher, they want it to form a double top bear flag with the July 24 high.<\/li>\n\n\n\n<li>Previously, 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 larger 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 as a two-legged pullback and hope that it has alleviated the recent overbought condition.<\/li>\n\n\n\n<li>They want a retest and breakout above the July 1 high, followed by a resumption of the trend from a double bottom bull flag (Jul 17 and Aug 1) and a 20-gap bar buy setup.<\/li>\n\n\n\n<li>They want the 20-week EMA and the bull trend line to act as supports.<\/li>\n\n\n\n<li>So far, the move up (Jul 1) was in a tight bull channel, which means strong bulls.<\/li>\n\n\n\n<li>The current pullback (Aug 1) has overlapping candlesticks, bull bars, and prominent tails below candlesticks, indicating that the bears are not yet as strong as they had hoped.<\/li>\n\n\n\n<li>For now, the pullback appears to be minor.<\/li>\n\n\n\n<li>Traders will see if the bears can create more follow-through selling.<\/li>\n\n\n\n<li>Or will the pullback remain weak (sideways with overlapping ranges, bull bars, prominent tails below candlesticks) and holding above the 20-week EMA instead? If this remains the case, the odds of a retest and breakout above the July 1 high will increase within a few weeks.<\/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\/08\/EURUSD-Daily-Retest-High-or-3rd-Leg-Down.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"680\" height=\"383\" src=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/08\/EURUSD-Daily-Retest-High-or-3rd-Leg-Down-680x383.jpg\" alt=\"EURUSD Daily - Retest High or 3rd Leg Down\" class=\"wp-image-246991\" title=\"\" srcset=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/08\/EURUSD-Daily-Retest-High-or-3rd-Leg-Down-680x383.jpg 680w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/08\/EURUSD-Daily-Retest-High-or-3rd-Leg-Down-300x169.jpg 300w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/08\/EURUSD-Daily-Retest-High-or-3rd-Leg-Down-768x432.jpg 768w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/08\/EURUSD-Daily-Retest-High-or-3rd-Leg-Down-1536x864.jpg 1536w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/08\/EURUSD-Daily-Retest-High-or-3rd-Leg-Down.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 market traded sideways to up for the week, closing slightly above the 20-day EMA.<\/li>\n\n\n\n<li><a href=\"https:\/\/www.brookstradingcourse.com\/analysis\/weekly-eurusd-retest-of-recent-high\/\" target=\"_blank\" rel=\"noreferrer noopener\">Previously<\/a>, we said traders would see if the bulls could create strong follow-through buying and a breakout above the July 1 high, or if the market would stall around the July 1 high area, followed by a second leg sideways to down instead.<\/li>\n\n\n\n<li>The bears got a two-legged pullback following the large wedge pattern (Mar 18, Apr 21, and Jul 1) and embedded wedge (May 26, Jun 12, and Jul 1).<\/li>\n\n\n\n<li>They see this week as a pullback (Aug 7) and want another sideways to down leg to form the wedge pattern (with the first two legs being July 17 and Aug 1 lows).<\/li>\n\n\n\n<li>They want a retest of the August 1 low followed by a strong breakout below it.<\/li>\n\n\n\n<li>If the market trades higher, they want it to stall around the July 24 high, forming a double top bear flag.<\/li>\n\n\n\n<li>They must create strong consecutive bear bars trading far below the 20-day EMA and the bear trend line to show they are back in control.<\/li>\n\n\n\n<li>The bulls 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 recent move (Aug 1) as a two-legged pullback and hope that it has alleviated the prior overbought condition.<\/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 want a retest and breakout above the July 1 high, followed by a resumption of the trend.<\/li>\n\n\n\n<li>If the market trades lower, they want the August 1 low and the bull trend line to act as supports, forming a wedge bull flag (the first two legs being July 17 and Aug 1 lows).<\/li>\n\n\n\n<li>So far, the prior move (Jul 1) was strong (in a tight bull channel), which means strong bulls.<\/li>\n\n\n\n<li>The recent pullback (Aug 1) appears relatively weaker compared to the prior leg up (May 12 to Jul 1). The pullback may only be minor.<\/li>\n\n\n\n<li>For now, traders will see if the bulls can create more follow-through buying to retest the July 1 high.<\/li>\n\n\n\n<li>Or will the market stall below the July 24 high, followed by a third leg sideways to down 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 weekly EURUSD two-legged pullback testing the 20-week EMA. The bears want another leg down to form the wedge pattern (with the first two legs being Jul 17 and Aug 1 lows). The bulls want a retest and breakout above the July 1 high, followed by a resumption [&hellip;]<\/p>\n","protected":false},"author":2836,"featured_media":246988,"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-246861","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\/08\/EURUSD-Weekly-PB-Retest-High-or-3rd-Leg-Down.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\/246861","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=246861"}],"version-history":[{"count":0,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/posts\/246861\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/media\/246988"}],"wp:attachment":[{"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/media?parent=246861"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/categories?post=246861"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/tags?post=246861"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}