- The EUR/USD currency pair is currently in a state of uncertainty
- It is deciding whether to continue its upward momentum from last week's breakout or test the May high first
- The breakout from last week appears strong enough to suggest a second leg up
- There is a chance of a pullback due to the climactic nature of the breakout
- Consecutive bearish bars have emerged over the past two days, potentially leading to selling pressure above yesterday's high
- However, the odds still favor higher prices, and the bears may only be able to achieve a sideways movement at best
- The overall outlook is positive for the EUR/USD currency pair
- The bears are hoping that last week's breakout was just a second-leg trap
- The probability of this occurring is low unless they can generate more selling pressure
EUR/USD Bears Eye Test of May Highs
