The EUR/USD pair fell during the bulk of the session on Wednesday, with that, we feel that the market forming the hammer at this point suggests that the 1.37 level will certainly continue to offer support, and as a result we feel that we could very well break higher. A break above the 1.3750 level could send this market back towards the 1.39 level. If we did break down below the bottom of the hammer though, we feel this market would go to the 1.35 handle as it would break down significantly.
