The EUR/USD pair fell slightly on Thursday as traders sold off risk in the global stock markets. The Europeans adding more short selling bans in their stock markets show exactly how desperate the situation is becoming in the EU, and as a result, many traders are starting to sell their Euros. We think a break of the lows on Thursday is a sell signal. We cannot buy unless we close on the daily chart above the 1.45 level.
Written by FX Empire