The EUR/USD pair tried to rally during the session on Thursday, finding the area above the 1.36 level to be resistive enough to turn things back around and form a shooting star. The shooting star suggests that we are indeed going to continue going lower, probably testing the 1.35 level which of course has shown significant support on longer-term charts. We believe that the market can be sold on rallies as well, at least until we get above the 1.3750 level, which at that point we would have to admit that the momentum has shifted back to the upside.
