The EUR/USD pair fell significantly during the day on Tuesday, as we race towards the 1.08 level. With this, the market looks as if it is probably going to try to reach down towards the 1.07 level yet again, which was an area that caused quite a bit of a bounce. That being the case, we feel that the sellers are going to continue to jump into this marketplace, but we recognize that the 1.08 level below is going to be supportive before we get there. We are not looking for some type of massive selloff, just that a bit of bearishness is to come.
