The EUR/USD pair fell apart during the course of the session on Thursday, as the European Central Bank suggests that more stimulus was coming. Because of this, we are testing the 1.11 level, which of course should be supportive as well. However, the market fell and closed towards the bottom of the range, so it does suggest that more than likely we will continue to go lower. The uptrend line just below been broken would be negative and should continue to bring sellers into this market. Rallies at this point in time would have to be looked at with suspicion.
