The EUR/USD pair went back and forth during the day on Thursday, but formed a shooting star yet again. Every time this market rallies, the sellers step been to push it back down. With that, if we break down below the 1.33 level we believe that the market should head down to the 1.30 area. The 1.34 level above has been resistive, so therefore looking at the short-term charts for rallies to sell off will probably be the best way to play this market. If we do break above the 1.34 level, we believe that the 1.35 level will offer massive resistance as well.
