The EUR/USD is currently in an environment characterized by high volatility, but there is a lack of a clear medium-term Trend.
The ADX in the 1-hour chart is below 30, which could indicate a sideways phase. Supported the acceptance of the fact that the 50-period SMA between the 200 and 800-periods-SMA, which indicates that also on a long-term perspective to a sideways phase.
The traders are in wait and wait for a bullish divergence in the Momentum indicator, in order to attack the 800 SMA. The 50-SMA falls below the 200-SMA, the mood changes from neutral to bearish.