The EUR/USD pair initially tried to rally, but Wednesday action sell the market fall down to the 1.37 level. This of course is a fairly weak looking candle as it is a shooting star. A break below this candle could send this market lower, heading down to the 1.35 handle. However, a break above the top and more importantly we need to break above the 1.3750 level on a daily close in order to buy as it would show resistance giving way. If we do that, then more than likely we would head to the 1.39 level.
