The EUR/USD pair fell slightly during the day on Wednesday, as it looks like it’s trying to reach down to the 1.05 level. Any rally at this point will more than likely be a selling opportunity on short-term charts, and with this being the case I have no interest in buying. I think if we break down below the 1.05 level underneath, the market will continue to go down to the 1.0350 level. Longer-term, the downtrend should continue to go much lower and as a result it looks as if the sellers will be attracted to this market again and again.
Written by FX Empire