Is The Dollar Losing It's power?

Well if we look at the higher time frame (monthly tf) it's more obvious that EUR/USD is in an up trend and it's monthly pull back is starting to show a increase in buying power. The real question is will the bulls have enough force to drive EUR/USD back to the previous monthly high? I guess we'll have to wait to find out.

TREND ON 4H/DAILY/MONTHLY: UP TREND
CURRENT MONTHLY PHASE: PULL BACK
MY THOUGHTS ON EUR/USD: THE BULLS WILL OVERPOWER BEARS