- The EUR/USD is beginning to stall below the moving average after three consecutive bull trend bars.
- The odds are that the small pullback bull trend is converting into a trading range, not a bear trend.
- This means that the market may have a deep pullback before the bears get a second leg down after the recent three-bar bear breakout.
- The market will probably test closer to the Jan. 6 low over the next few weeks.
- The market might have to test the February high before reaching the Jan. 6 high.
EUR/USD Bears Need a Lower High for Trend Reversal
