Ideally, sellers will be able to bring in enough selling pressure, to push the Euro into further demand which will be waiting below, and allow then for the buyers to try creating some upward movement. This movement can then be taken on at a later date, once the Euro is safely below the 200-SMA.
These current indications of competition between bulls and bears are easily related back to the French elections, which had seen pick up in the indices worldwide, as the current stock indices gapping up have been correlated to the elections themselves taking place. Now that Macron has won, prices seem to be turning around at a 'peak.' This is similar to the election in the U. S.A. , with Trump's victory leading to new highs, however this is only stock market euphoria within the psychology of investors. As easily as prices went up, just as easily will prices come down.