{"id":261335,"date":"2026-02-01T01:30:00","date_gmt":"2026-02-01T09:30:00","guid":{"rendered":"https:\/\/www.brookstradingcourse.com\/?p=261335"},"modified":"2026-02-01T00:00:45","modified_gmt":"2026-02-01T08:00:45","slug":"weekly-eurusd-wedge-top","status":"publish","type":"post","link":"https:\/\/www.brookstradingcourse.com\/pt-br\/analysis\/weekly-eurusd-wedge-top\/","title":{"rendered":"Weekly EURUSD Wedge Top"},"content":{"rendered":"\n<h2 class=\"wp-block-heading\">Market Overview: EURUSD Forex<\/h2>\n\n\n\n<p>The market formed the third push up this week creating the weekly <strong>EURUSD <\/strong>wedge top. Bears want a reversal from a wedge top (July 1, September 17, and January 27) and a trend channel line overshoot (January 27). Bulls need strong follow-through buying well above the September 17 high and the bear trend line to increase the odds of a bull trend resumption.<\/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>Monthly<\/em> EURUSD Forex chart<\/h3>\n\n\n\n<figure class=\"wp-block-image size-large\"><a href=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2026\/02\/EURUSD-Monthly-Wedge-Top-Bears-Need-Strong-Bear-Bars.jpg\" target=\"_blank\" rel=\" noreferrer noopener\"><img loading=\"lazy\" decoding=\"async\" width=\"680\" height=\"383\" src=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2026\/02\/EURUSD-Monthly-Wedge-Top-Bears-Need-Strong-Bear-Bars-680x383.jpg\" alt=\"EURUSD Monthly - Wedge Top, Bears Need Strong Bear Bars, Weekly EURUSD Wedge Top\" class=\"wp-image-261528\" title=\"\" srcset=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2026\/02\/EURUSD-Monthly-Wedge-Top-Bears-Need-Strong-Bear-Bars-680x383.jpg 680w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2026\/02\/EURUSD-Monthly-Wedge-Top-Bears-Need-Strong-Bear-Bars-300x169.jpg 300w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2026\/02\/EURUSD-Monthly-Wedge-Top-Bears-Need-Strong-Bear-Bars-768x432.jpg 768w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2026\/02\/EURUSD-Monthly-Wedge-Top-Bears-Need-Strong-Bear-Bars-1536x864.jpg 1536w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2026\/02\/EURUSD-Monthly-Wedge-Top-Bears-Need-Strong-Bear-Bars.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 January EURUSD monthly candlestick was an outside bull bar closing near the middle of its range, with prominent tails.<\/li>\n\n\n\n<li><a href=\"https:\/\/www.brookstradingcourse.com\/analysis\/monthly-eurusd-double-bottom-bull-flag\/\" target=\"_blank\" rel=\"noreferrer noopener\">Last month<\/a>, we said traders would watch whether bulls could produce strong follow-through buying in January to test the September 17 high, or whether the market would stall below that high and form a second leg sideways to down.<\/li>\n\n\n\n<li>Bulls broke above the September 17 high, but the long upper tail shows the bulls are not yet decisively strong.<\/li>\n\n\n\n<li>Bulls view the November 5 move as a pullback in a bull trend and want a trend resumption from a double bottom bull flag (August 1 and November 5) or a wedge bull flag (August 1, November 5 and January 19).<\/li>\n\n\n\n<li>They need strong follow-through buying well above the September 17 high and the bear trend line to increase the odds of a bull trend resumption.<\/li>\n\n\n\n<li>If the market trades lower, bulls want a higher low relative to the November 5 low, forming the third leg of a developing wedge bull flag.<\/li>\n\n\n\n<li>Bears see the current move (January 27) as a retest of the prior high (September 17) and the bear trend line (drawn across the February 2018 and January 2021 highs).<\/li>\n\n\n\n<li>They want the rally to form a major lower high relative to the January 2021 high, which remains the case so far.<\/li>\n\n\n\n<li>Bears see the entire move from the January 2025 low to the January 27, 2026 high as a spike and channel.<\/li>\n\n\n\n<li>They want a reversal from a wedge top (July 1, September 17, and January 27) and a trend channel line overshoot (January 27).<\/li>\n\n\n\n<li>They want a deep pullback that retests the start of the channel (May 12), ending the spike and channel phase and transitioning into a trading range.<\/li>\n\n\n\n<li>Bears need consecutive strong bear bars to flip the market into Always In Short.<\/li>\n\n\n\n<li>If the market trades higher, bears want the bear trend line and the upper third of the multi-year trading range to act as resistance.<\/li>\n\n\n\n<li>The market is trading at a potential resistance area near the bear trend line and the upper third of the multi-year trading range, where trading range sellers may appear.<\/li>\n\n\n\n<li>So far, the buying pressure since the January low has been stronger (tight bull channel, more bull bars) than the selling pressure (bear bars with no follow-through).<\/li>\n\n\n\n<li>The relatively small January body with long upper and lower tails makes the candlestick functionally a doji, which is a 1-bar trading range. In trading ranges, traders typically buy near the low and sell near the high.<\/li>\n\n\n\n<li>The last eight candlesticks have mostly overlapping ranges, indicating active participation from both bulls and bears within the trading range.<\/li>\n\n\n\n<li>Until there is a clear breakout with strong follow-through, traders may continue to Buy Low, Sell High (BLSH), buying near the lower third and selling near the upper third of the range.<\/li>\n\n\n\n<li>Traders will watch whether bulls can produce more follow-through buying, closing above the September 17 high and the bear trend line.<\/li>\n\n\n\n<li>Or whether the market stalls and pulls back to test the January or November lows instead.<\/li>\n<\/ul>\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\/2026\/02\/EURUSD-Weekly-Weak-Breakout-Reversal-Bar-at-TR-High.jpg\" target=\"_blank\" rel=\" noreferrer noopener\"><img loading=\"lazy\" decoding=\"async\" width=\"680\" height=\"383\" src=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2026\/02\/EURUSD-Weekly-Weak-Breakout-Reversal-Bar-at-TR-High-680x383.jpg\" alt=\"EURUSD Weekly - Weak Breakout, Reversal Bar at TR High\" class=\"wp-image-261529\" title=\"\" srcset=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2026\/02\/EURUSD-Weekly-Weak-Breakout-Reversal-Bar-at-TR-High-680x383.jpg 680w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2026\/02\/EURUSD-Weekly-Weak-Breakout-Reversal-Bar-at-TR-High-300x169.jpg 300w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2026\/02\/EURUSD-Weekly-Weak-Breakout-Reversal-Bar-at-TR-High-768x432.jpg 768w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2026\/02\/EURUSD-Weekly-Weak-Breakout-Reversal-Bar-at-TR-High-1536x864.jpg 1536w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2026\/02\/EURUSD-Weekly-Weak-Breakout-Reversal-Bar-at-TR-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 week\u2019s EURUSD candlestick was a doji closing near its low with a long upper tail. It can also be seen as a reversal bar, although the small bear body is less ideal.<\/li>\n\n\n\n<li><a href=\"https:\/\/www.brookstradingcourse.com\/analysis\/eurusd-bulls-want-a-strong-breakout-above\/\" target=\"_blank\" rel=\"noreferrer noopener\">Last week<\/a>, we said traders would watch whether bulls could generate follow-through buying above the September 17 high or whether the market would stall around that level.<\/li>\n\n\n\n<li>The market broke above the September 17 high, but follow-through buying was limited. The long upper tail shows rejection of higher prices and increases the risk of a failed breakout.<\/li>\n\n\n\n<li>Bulls got a reversal from a wedge bull flag (August 1, November 5, and January 19).<\/li>\n\n\n\n<li>They want a measured move up toward the 2021 high based on the height of the recent 7-month trading range.<\/li>\n\n\n\n<li>If the market trades lower, bulls want the December 24 high area or the 20-week EMA to act as support.<\/li>\n\n\n\n<li>They want any pullback to be weak and sideways, with overlapping candlesticks, long tails below bars, and prominent bull bars.<\/li>\n\n\n\n<li>Bulls need sustained follow-through buying above the September 17 high and the bear trend line (not shown, drawn across the February 2018 and January 2021 highs) to increase the odds of trend resumption.<\/li>\n\n\n\n<li>Bears see the current move as a buy vacuum test of the September 17 high and the bear trend line (not shown).<\/li>\n\n\n\n<li>Bears want a failed breakout above the September 17 high followed by a 2-legged sideways to down pullback.<\/li>\n\n\n\n<li>They see this week\u2019s candlestick as a possible setup reversal bar after a failed breakout above a prior swing high and a trend channel line overshoot (January 27).<\/li>\n\n\n\n<li>Bears need strong consecutive bear bars to flip the market into Always In Short.<\/li>\n\n\n\n<li>If the market trades higher in the coming weeks, bears want it to form a lower high relative to the January 27 high.<\/li>\n\n\n\n<li>The market broke out above the 32-week trading range this week but failed and reversed back into the range.<\/li>\n\n\n\n<li>Until there is a clear breakout with strong follow-through, traders may continue to Buy Low, Sell High (BLSH), buying near the lower third and selling near the upper third of the range.<\/li>\n\n\n\n<li>This week\u2019s candlestick could be a setup reversal bar for next week. It is near the high of the 7-month trading range, which is a typical sell zone for trading range bears.<\/li>\n\n\n\n<li>The market could trade at least a little lower.<\/li>\n\n\n\n<li>Traders will watch whether bears can create a strong sell entry bar closing near its low and testing the 20-week EMA, which would increase the odds of a 2-legged sideways to down pullback.<\/li>\n\n\n\n<li>Or will the market trade lower but close with a long tail below or a bull body, setting up a retest of the September 17 high 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 the third push up this week creating the weekly EURUSD wedge top. Bears want a reversal from a wedge top (July 1, September 17, and January 27) and a trend channel line overshoot (January 27). Bulls need strong follow-through buying well above the September 17 high and the [&hellip;]<\/p>\n","protected":false},"author":2836,"featured_media":261529,"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-261335","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\/2026\/02\/EURUSD-Weekly-Weak-Breakout-Reversal-Bar-at-TR-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\/261335","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=261335"}],"version-history":[{"count":0,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/posts\/261335\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/media\/261529"}],"wp:attachment":[{"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/media?parent=261335"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/categories?post=261335"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/tags?post=261335"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}