The EUR/USD pair did very little during the course of the day on Thursday, as we continue to hover around the 1.14 region. Ultimately, this market looks as if it is consolidating between the 1.13 level on the bottom, and the 1.15 level on the top. Because of this, we are really that interested in trading the Euro at the moment, but recognize that sooner or later the downtrend should continue. We believe that even above the 1.15 level, there is a significant amount of resistance all the way to the 1.1650 level.
