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.
