- The EUR/USD has continued to go sideways in a tight trading range over the past few days.
- Traders are deciding if the market will test the moving average before reaching the May 31st low.
- It is possible that the market will form a higher low above the May 31st low. However, if it does, traders will question if the May 31st low was adequately tested.
- Trading ranges often go beyond important magnets. This means that the market will probably fall below the May 31st low.
EUR/USD Bears Need Trend Resumption, Test of May 31 Low
