Well, here's my best bet for what's happening with EURUSD this week. A nice orange trend-line which shows a bullish trend starting 3 weeks ago.
(60 min EURUSD chart)
EURUSD has moved above the daily 100 period simple moving average (not shown), and is still above all of the daily Ichimoku Kinko Hyo indicators (not shown).
Price hasn't reached the February high of near 1.35. I have no real idea what's happening. I can kind of draw a bearish trend-line on the weekly chart (not shown), but it's only approximate, not actually touching several points properly.
It dipped below last weeks high a few 4 hour bars ago, and currently looks to have tested and failed to reach this weeks high.
(240 minute EURUSD chart)
There's a lot of long tails on these 4 hour candles this week, which indicates market uncertainty. I don't like the looks of it.
