The currency pair EUR/USD has been in a bearish trend recently, with the bears attempting to push for a second leg down after breaking below the moving average (blue line). However, as the market transitions into a trading range, the odds of a successful bearish trend reversal may be in.

The EUR/USD currency pair has been showing signs of weakness lately as it stalls below the moving average after three consecutive bull trend bars. This shift in market sentiment has raised questions about whether the recent bull trend is converting into a trading range or a bear trend. In this.

The foreign exchange market is a global financial market that facilitates the exchange of currencies. One of the most widely traded currency pairs is the EUR/USD, and recent developments in the market have led some analysts to question whether the bullish trend that has been in place since October 2022.