The EUR/USD pair fell during the session on Thursday, clearing the 1.38 level to the downside. The market is starting to head towards a cluster of trading near the 1.37 handle, so it doesn’t surprise us that we did get a little bit of a bounce towards the end of the day. However, it appears of this market is breaking down a bit, and we have in fact broken below a downtrend line that had been in place since the beginning of February. Because of this, we are sellers on resistive looking candles, as well as a break of the lows from the session on Thursday.
