The Monthly<\/em> EURUSD Forex chart<\/h3>\n\n\n\n![\"EURUSD](\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/10\/EURUSD-Monthly-Wedge-Bears-Need-Strong-Bear-Bars-680x383.jpg\" "\\"\\"")
<\/a><\/figure>\n\n\n\n<\/div>\n\n\n\n\n- The September monthly EURUSD candlestick was a bull doji closing below the middle of its range with a long tail above.<\/li>\n\n\n\n
- Last month<\/a>, we said the market may trade a little higher to retest near the July 1 high. Traders would observe if the bulls could create a retest and breakout, or if the market would trade slightly higher but stall around the July 1 high area instead.<\/li>\n\n\n\n
- The market broke above the July 1 high, but there was no sustained follow-through buying.<\/li>\n\n\n\n
- Previously, the bulls had a breakout above the trading range (Apr) with subsequent follow-through buying.<\/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
- The move up (since Jan 13 low) is in a tight bull channel, indicating persistent buying.<\/li>\n\n\n\n
- The bulls want a retest of the September 17 high, even if it only forms a lower high.<\/li>\n\n\n\n
- The overlapping candlesticks in the last 5 months indicate a slight loss of buying momentum.<\/li>\n\n\n\n
- If there is a pullback, the bulls want the August low area to act as support.<\/li>\n\n\n\n
- The bears see the rally (Sept 17) as a bull leg and a buy vacuum within the multi-year trading range.<\/li>\n\n\n\n
- They want the market to form a major lower high (vs Jan 2021 high), followed by a reversal from a wedge pattern (Apr 21, Jul 1, and Sept 17).<\/li>\n\n\n\n
- They want the bear trend line and the upper third of the multi-year trading range to be areas of resistance.<\/li>\n\n\n\n
- They must create strong consecutive bear bars to show they are back in control.<\/li>\n\n\n\n
- The buying pressure since the January low is stronger (tight bull channel) compared to the weaker selling pressure (bear bar with no follow-through selling).<\/li>\n\n\n\n
- The wedge pattern (Apr 21, Jul 1, and Sept 17) and loss of momentum (overlapping candlesticks) could lead to a pullback within a few months.<\/li>\n\n\n\n
- For now, traders will see if the bulls can create a retest of the September 17 high, followed by a breakout above.<\/li>\n\n\n\n
- Or will the market continue to stall around the July 1 or September 17 high area, followed by a pullback towards the August low instead?<\/li>\n<\/ul>\n\n\n\n
The Weekly<\/em> EURUSD chart<\/h3>\n\n\n\n![\"EURUSD](\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2025\/10\/EURUSD-Weekly-No-FT-Selling-Retest-High-or-20-Week-EMA-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 small inside bull bar closing in its upper half with prominent tails.<\/li>\n\n\n\n
- Last week<\/a>, we said traders would observe whether the bears could create strong follow-through selling, testing the 20-day EMA, or if the pullback would lack follow-through selling, trading mostly sideways with long tails below candlesticks instead.<\/li>\n\n\n\n
- The market traded sideways, and the bears couldn\u2019t create a follow-through bear bar.<\/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 view the recent move (Sep 17) as a retest of the prior trend’s extreme high (Jul 1) and want a failed breakout.<\/li>\n\n\n\n
- They want a reversal from a higher high major trend reversal pattern 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
- If the market trades higher, they want it to stall below the September 17 high, forming a small double top.<\/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 high 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
- If the market trades lower, 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
- The recent breakout above the July 1 high was not strong.<\/li>\n\n\n\n
- The market has been trading in a tight trading range pattern in the last 12 weeks.<\/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
- 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 continue to lack follow-through selling? If this remains the case, the odds will swing in favor of a retest and breakout above the September 17 high in the weeks ahead.<\/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\/10\/EURUSD-Monthly-Wedge-Bears-Need-Strong-Bear-Bars.jpg\" "\\"\\"")
<\/a><\/figure>\n\n\n\n<\/div>\n\n\n\n
- \n
- The September monthly EURUSD candlestick was a bull doji closing below the middle of its range with a long tail above.<\/li>\n\n\n\n
- Last month<\/a>, we said the market may trade a little higher to retest near the July 1 high. Traders would observe if the bulls could create a retest and breakout, or if the market would trade slightly higher but stall around the July 1 high area instead.<\/li>\n\n\n\n
- The market broke above the July 1 high, but there was no sustained follow-through buying.<\/li>\n\n\n\n
- Previously, the bulls had a breakout above the trading range (Apr) with subsequent follow-through buying.<\/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
- The move up (since Jan 13 low) is in a tight bull channel, indicating persistent buying.<\/li>\n\n\n\n
- The bulls want a retest of the September 17 high, even if it only forms a lower high.<\/li>\n\n\n\n
- The overlapping candlesticks in the last 5 months indicate a slight loss of buying momentum.<\/li>\n\n\n\n
- If there is a pullback, the bulls want the August low area to act as support.<\/li>\n\n\n\n
- The bears see the rally (Sept 17) as a bull leg and a buy vacuum within the multi-year trading range.<\/li>\n\n\n\n
- They want the market to form a major lower high (vs Jan 2021 high), followed by a reversal from a wedge pattern (Apr 21, Jul 1, and Sept 17).<\/li>\n\n\n\n
- They want the bear trend line and the upper third of the multi-year trading range to be areas of resistance.<\/li>\n\n\n\n
- They must create strong consecutive bear bars to show they are back in control.<\/li>\n\n\n\n
- The buying pressure since the January low is stronger (tight bull channel) compared to the weaker selling pressure (bear bar with no follow-through selling).<\/li>\n\n\n\n
- The wedge pattern (Apr 21, Jul 1, and Sept 17) and loss of momentum (overlapping candlesticks) could lead to a pullback within a few months.<\/li>\n\n\n\n
- For now, traders will see if the bulls can create a retest of the September 17 high, followed by a breakout above.<\/li>\n\n\n\n
- Or will the market continue to stall around the July 1 or September 17 high area, followed by a pullback towards the August low instead?<\/li>\n<\/ul>\n\n\n\n
The Weekly<\/em> EURUSD chart<\/h3>\n\n\n\n
<\/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 small inside bull bar closing in its upper half with prominent tails.<\/li>\n\n\n\n
- Last week<\/a>, we said traders would observe whether the bears could create strong follow-through selling, testing the 20-day EMA, or if the pullback would lack follow-through selling, trading mostly sideways with long tails below candlesticks instead.<\/li>\n\n\n\n
- The market traded sideways, and the bears couldn\u2019t create a follow-through bear bar.<\/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 view the recent move (Sep 17) as a retest of the prior trend’s extreme high (Jul 1) and want a failed breakout.<\/li>\n\n\n\n
- They want a reversal from a higher high major trend reversal pattern 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
- If the market trades higher, they want it to stall below the September 17 high, forming a small double top.<\/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 high 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
- If the market trades lower, 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
- The recent breakout above the July 1 high was not strong.<\/li>\n\n\n\n
- The market has been trading in a tight trading range pattern in the last 12 weeks.<\/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
- 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 continue to lack follow-through selling? If this remains the case, the odds will swing in favor of a retest and breakout above the September 17 high in the weeks ahead.<\/li>\n<\/ul>\n\n\n\n
Market analysis reports archive<\/h3>\n\n\n\n
- Last week<\/a>, we said traders would observe whether the bears could create strong follow-through selling, testing the 20-day EMA, or if the pullback would lack follow-through selling, trading mostly sideways with long tails below candlesticks instead.<\/li>\n\n\n\n