The EUR/USD pair went back and forth during the course of the day on Tuesday, ultimately settling on a relatively neutral candle. With this, looks like the market is simply looking stagnant at that point, just as we see in the EUR/GBP pair. Perhaps the markets are taking a bit of a breather after the recent volatility, but ultimately we believe that this pair goes lower. We have a target of 1.05 over the course of the next couple of sessions, and we still think that sooner or later we are going to test that level for support yet again. We have no interest in buying.
