The EUR/USD pair initially tried to rally during the session on Tuesday, for broke down through the 1.3750 level solidly in order to test 1.37 level. The 1.37 level is in fact a significant barrier for the sellers, and if the Euro cannot hang onto gains here, things could get ugly and we will almost undoubtedly head to the 1.35 level given enough time. Because of this, we feel that the market will print a fairly significant candle today, and we will in fact look for a trading opportunity as the markets wind down.
