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-Wedge-PB-Bears-Need-FT-Selling-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 bear bar closing in its lower half with prominent tails.<\/li>\n\n\n\n
- Last week<\/a>, we said traders would observe whether the bulls could create more follow-through buying trading above the July 1 high, or if the bears would be able to create decent bear bars in the weeks ahead instead.<\/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 recent move (Sep 17) as a retest of the prior trend’s extreme high (Jul 1) and want a failed breakout above it.<\/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).<\/li>\n\n\n\n
- They must create 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 got a larger wedge pattern (Apr 21, Jul 1, and Sept 17), but the breakout above the July 1 was not strong.<\/li>\n\n\n\n
- They see the current move as a pullback and want it to be weak and sideways (long tails below candlesticks, doji(s), overlapping candlesticks).<\/li>\n\n\n\n
- They want the 20-week EMA or the August 1 low to act as support, forming a larger double bottom bull flag (with Aug 1).<\/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
- So far, the market traded above the July 1 high, but the move was not strong.<\/li>\n\n\n\n
- The buying pressure is slightly stronger (trending doji(s)), compared to the weaker selling pressure (limited follow-through selling).<\/li>\n\n\n\n
- Due to the wedge pattern (Apr 21, Jul 1, and Sept 17), the market may be in a sideways to down minor pullback phase.<\/li>\n\n\n\n
- For now, traders will see if the bears can create strong follow-through selling, testing the 20-day EMA.<\/li>\n\n\n\n
- Or will the pullback lack follow-through selling, trading mostly sideways with long tails below candlesticks instead?<\/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-Wedge-PB-Bears-Need-Strong-FT-Selling-680x383.jpg\" "\\"\\"")
<\/a><\/figure>\n\n\n\n
![\"EURUSD](\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/09\/EURUSD-Weekly-Wedge-PB-Bears-Need-FT-Selling.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 bear bar closing in its lower half with prominent tails.<\/li>\n\n\n\n
- Last week<\/a>, we said traders would observe whether the bulls could create more follow-through buying trading above the July 1 high, or if the bears would be able to create decent bear bars in the weeks ahead instead.<\/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 recent move (Sep 17) as a retest of the prior trend’s extreme high (Jul 1) and want a failed breakout above it.<\/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).<\/li>\n\n\n\n
- They must create 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 got a larger wedge pattern (Apr 21, Jul 1, and Sept 17), but the breakout above the July 1 was not strong.<\/li>\n\n\n\n
- They see the current move as a pullback and want it to be weak and sideways (long tails below candlesticks, doji(s), overlapping candlesticks).<\/li>\n\n\n\n
- They want the 20-week EMA or the August 1 low to act as support, forming a larger double bottom bull flag (with Aug 1).<\/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
- So far, the market traded above the July 1 high, but the move was not strong.<\/li>\n\n\n\n
- The buying pressure is slightly stronger (trending doji(s)), compared to the weaker selling pressure (limited follow-through selling).<\/li>\n\n\n\n
- Due to the wedge pattern (Apr 21, Jul 1, and Sept 17), the market may be in a sideways to down minor pullback phase.<\/li>\n\n\n\n
- For now, traders will see if the bears can create strong follow-through selling, testing the 20-day EMA.<\/li>\n\n\n\n
- Or will the pullback lack follow-through selling, trading mostly sideways with long tails below candlesticks instead?<\/li>\n<\/ul>\n\n\n\n
The Daily<\/em> EURUSD chart<\/h3>\n\n\n\n
<\/a><\/figure>\n\n\n\n - Last week<\/a>, we said traders would observe whether the bulls could create more follow-through buying trading above the July 1 high, or if the bears would be able to create decent bear bars in the weeks ahead instead.<\/li>\n\n\n\n