The EUR/USD pair tried to rally during the course of the session on Wednesday, but as you can see pullback to form a shooting star. The shows that the market is still confused, and we should in fact continue to go sideways overall. The 1.15 level above is massively resistive, and it extends all the way to the 1.1650 handle, so we have no plans whatsoever on buying this pair. However, we believe that more than likely we will break down to the downside given enough time. However, sideways action makes sense after the massively strong sell off.
