The EUR/USD pair fell during the session on Wednesday, breaking below the 1.37 level. This is an area that was offering relatively decent support, but the fact that we fell below this area doesn’t exactly trigger a lot of selling motivation as far as we can see. Simply put, we are only 20 pips below that level, so we don’t consider it successfully broken quite yet. We think the market continues to be rather choppy, and therefore we are not willing to start selling quite yet, simply because there is so much in the way of support below.
