EURUSD has gone a little down since it broke the last long term downtrend. Growing expectations for not one but TWO federal rate cuts, the strong dollar is coming near its end. The Euro is going to stand strong forward as global trade war is escalating the free market in the European Union will become stronger and stronger. Even if the rate cut in the US is not coming Wednesday, this is just pushing it forward as we all know. It's highly expected the Fed will cut rates in July. And now to the chart: sellers will not take the chance and hold on to their trades and for good reason, because IF the fed cuts rates on Wednesday the Bulls are coming in HARD. Intraday perspective the currency pair is oversold, so both short term and long term, it's about time the Bulls are taking over this one. The bears is going into a late hibernation, see you in a few months.