EUR/USD has set higher lows showing a weakening of the down trend strength. Price is currently testing the down trend line. A break to to the upside past the recent high might be a reversal signal.
Outlook shifted from bearish to neutral in the short term. Need a break of the April 10th or March 16th low to look to the downside again.
Over the coming month I expect the EUR/USD to move lower and continue its downtrend. However, with looming Greek decisions and the recent retracement strength, I plan to wait until prices form and confirm a double top.
