The EUR/USD pair broke down during the course of the session on Wednesday, clearing the uptrend line to the downside that has been holding this market up at this point. However, we need to see a break down below the bottom of the range for the session on Wednesday in order to start selling. On the other hand though, if we bounce above the top of the range for the day on Wednesday that point in time we would be willing to start buying again. In the meantime though, we fully recognize that the sellers are in control.
