EU Bearish till it's NOT

The previous Tue. provided us the current low of the week. From there price took off and whacked every high made since Dec. 1st. But price also stopped dead at the 79% retrace and began to drop off as if it was a retrace but upon reaching 1.12860 showed lackluster rejection. I currently want to see price rally hard to 1.13320 and give a hard drop past 1.12270 level confirming that for the time being we are indeed still bearish.