EURUSD Forex market <\/h2>\n\n\n\nThe Weekly<\/em> EURUSD chart<\/h3>\n\n\n\n![\"EURUSD](\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/09\/EURUSD-Weekly-Weak-BO-Wedge-Bulls-Need-FT-Buying-680x383.jpg\" "\\"\\"")
<\/a><\/figure>\n\n\n\n<\/div>\n\n\n\n\n- This week\u2019s candlestick on the weekly EURUSD Forex chart<\/a> was a bull doji closing in its lower half with a long tail above.<\/li>\n\n\n\n
- Last week<\/a>, we said traders would see if the bulls could create more follow-through buying and a breakout above the July 1 high, or if the market would continue to stall around the July 24 high area instead.<\/li>\n\n\n\n
- The market broke above the July 1 high in the first half of the week but lacked sustained follow-through buying.<\/li>\n\n\n\n
- The bears want the upper third of the multi-year trading range, or the May 2021 high, to act as a resistance area. They want the move to form a lower high (vs Jan 2021).<\/li>\n\n\n\n
- They see the current move as a retest of the prior trend’s extreme high (Jul 1).<\/li>\n\n\n\n
- They want a reversal from a higher high major trend reversal and a wedge pattern (Apr 21, Jul 1 and Sept 17). They want a failed breakout above the July 1 high.<\/li>\n\n\n\n
- They must create strong consecutive bear bars closing near their lows, breaking far below the 20-week EMA, to increase the odds of a reversal.<\/li>\n\n\n\n
- The bulls want another leg up to form the larger wedge pattern, with the first two legs being April 21 and July 1 highs. They got it this week.<\/li>\n\n\n\n
- 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
- They want a resumption of the trend from a double bottom bull flag (Jul 17 and Aug 1) and a wedge bull flag (Jul 17, Aug 1, and Aug 27).<\/li>\n\n\n\n
- They want any pullback to be weak and sideways (long tails below candlesticks, doji(s), overlapping candlesticks) and the 20-week EMA to act as support.<\/li>\n\n\n\n
- The bulls need to create strong follow-through buying trading above the July 1 high to increase the odds of a resumption of the trend.<\/li>\n\n\n\n
- The market traded above the July 1 high this week, but the long tail above the candlestick indicates that the bulls are not yet as strong as they had hoped.<\/li>\n\n\n\n
- For now, traders will see if the bulls can create more follow-through buying trading above the July 1 high.<\/li>\n\n\n\n
- Or will the bears be able to create decent bear bars in the weeks ahead? The bears need to do more to show they are back in control.<\/li>\n<\/ul>\n\n\n\n
The Daily<\/em> EURUSD chart<\/h3>\n\n\n\n![\"EURUSD](\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/09\/EURUSD-Daily-Bulls-Need-Strong-FT-Buying-Wedge-680x383.jpg\" "\\"\\"")
<\/a><\/figure>\n\n\n\n<\/div>\n\n\n\n\n- The market broke above the July 1 high in the first half of the week, but the Wednesday candlestick reversed into a bear reversal bar. Thursday and Friday traded lower to test the 20-day EMA.<\/li>\n\n\n\n
- Last week<\/a>, we said traders would see if the bulls could create more follow-through buying, breaking above the July 24 and July 1 high, or if the market would continue to stall below the July 24 high instead.<\/li>\n\n\n\n
- The market broke above the July 1 high but lacked sustained follow-through buying.<\/li>\n\n\n\n
- The bears view the current move as a retest of the prior high (Jul 1), forming a large wedge pattern (Apr 21, Jul 1, and Sep 17).<\/li>\n\n\n\n
- They want a reversal from a higher high major trend reversal and a failed breakout above the July 1 high.<\/li>\n\n\n\n
- 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
- 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
- They want another leg up to form the larger wedge pattern, with the first two legs being April 21 and July 1 highs. They got it this week, but the move lacked sustained follow-through buying.<\/li>\n\n\n\n
- They need to create strong follow-through buying trading above the July 1 high to increase the odds of the trend resuming.<\/li>\n\n\n\n
- They want the 20-day EMA to act as a support area.<\/li>\n\n\n\n
- If the market trades lower, they want the August 1 low to act as support, forming a larger double bottom bull flag.<\/li>\n\n\n\n
- So far, the market traded above the July 1 high but lacked sustained follow-through buying. The bulls are not yet strong.<\/li>\n\n\n\n
- For now, traders will see if the bulls can create more follow-through buying above the July 1 high.<\/li>\n\n\n\n
- Or will the bears be able to create strong bear bars to retest the August 1 low instead?<\/li>\n<\/ul>\n\n\n\n
Market analysis reports archive<\/h3>\n\n\n\n
![\"EURUSD](\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/09\/EURUSD-Weekly-Weak-BO-Wedge-Bulls-Need-FT-Buying.jpg\" "\\"\\"")
<\/a><\/figure>\n\n\n\n<\/div>\n\n\n\n
- \n
- This week\u2019s candlestick on the weekly EURUSD Forex chart<\/a> was a bull doji closing in its lower half with a long tail above.<\/li>\n\n\n\n
- Last week<\/a>, we said traders would see if the bulls could create more follow-through buying and a breakout above the July 1 high, or if the market would continue to stall around the July 24 high area instead.<\/li>\n\n\n\n
- The market broke above the July 1 high in the first half of the week but lacked sustained follow-through buying.<\/li>\n\n\n\n
- The bears want the upper third of the multi-year trading range, or the May 2021 high, to act as a resistance area. They want the move to form a lower high (vs Jan 2021).<\/li>\n\n\n\n
- They see the current move as a retest of the prior trend’s extreme high (Jul 1).<\/li>\n\n\n\n
- They want a reversal from a higher high major trend reversal and a wedge pattern (Apr 21, Jul 1 and Sept 17). They want a failed breakout above the July 1 high.<\/li>\n\n\n\n
- They must create strong consecutive bear bars closing near their lows, breaking far below the 20-week EMA, to increase the odds of a reversal.<\/li>\n\n\n\n
- The bulls want another leg up to form the larger wedge pattern, with the first two legs being April 21 and July 1 highs. They got it this week.<\/li>\n\n\n\n
- 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
- They want a resumption of the trend from a double bottom bull flag (Jul 17 and Aug 1) and a wedge bull flag (Jul 17, Aug 1, and Aug 27).<\/li>\n\n\n\n
- They want any pullback to be weak and sideways (long tails below candlesticks, doji(s), overlapping candlesticks) and the 20-week EMA to act as support.<\/li>\n\n\n\n
- The bulls need to create strong follow-through buying trading above the July 1 high to increase the odds of a resumption of the trend.<\/li>\n\n\n\n
- The market traded above the July 1 high this week, but the long tail above the candlestick indicates that the bulls are not yet as strong as they had hoped.<\/li>\n\n\n\n
- For now, traders will see if the bulls can create more follow-through buying trading above the July 1 high.<\/li>\n\n\n\n
- Or will the bears be able to create decent bear bars in the weeks ahead? The bears need to do more to show they are back in control.<\/li>\n<\/ul>\n\n\n\n
The Daily<\/em> EURUSD chart<\/h3>\n\n\n\n
<\/a><\/figure>\n\n\n\n<\/div>\n\n\n\n- \n
- The market broke above the July 1 high in the first half of the week, but the Wednesday candlestick reversed into a bear reversal bar. Thursday and Friday traded lower to test the 20-day EMA.<\/li>\n\n\n\n
- Last week<\/a>, we said traders would see if the bulls could create more follow-through buying, breaking above the July 24 and July 1 high, or if the market would continue to stall below the July 24 high instead.<\/li>\n\n\n\n
- The market broke above the July 1 high but lacked sustained follow-through buying.<\/li>\n\n\n\n
- The bears view the current move as a retest of the prior high (Jul 1), forming a large wedge pattern (Apr 21, Jul 1, and Sep 17).<\/li>\n\n\n\n
- They want a reversal from a higher high major trend reversal and a failed breakout above the July 1 high.<\/li>\n\n\n\n
- 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
- 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
- They want another leg up to form the larger wedge pattern, with the first two legs being April 21 and July 1 highs. They got it this week, but the move lacked sustained follow-through buying.<\/li>\n\n\n\n
- They need to create strong follow-through buying trading above the July 1 high to increase the odds of the trend resuming.<\/li>\n\n\n\n
- They want the 20-day EMA to act as a support area.<\/li>\n\n\n\n
- If the market trades lower, they want the August 1 low to act as support, forming a larger double bottom bull flag.<\/li>\n\n\n\n
- So far, the market traded above the July 1 high but lacked sustained follow-through buying. The bulls are not yet strong.<\/li>\n\n\n\n
- For now, traders will see if the bulls can create more follow-through buying above the July 1 high.<\/li>\n\n\n\n
- Or will the bears be able to create strong bear bars to retest the August 1 low instead?<\/li>\n<\/ul>\n\n\n\n
Market analysis reports archive<\/h3>\n\n\n\n
- Last week<\/a>, we said traders would see if the bulls could create more follow-through buying and a breakout above the July 1 high, or if the market would continue to stall around the July 24 high area instead.<\/li>\n\n\n\n