The EUR/USD pair fell hard during the course of the day on Tuesday, but did not break down below the 1.33 handle, an area that we need to see violated to the downside in order to start selling. At that point in time, we would be aiming for the 1.30 handle, as we see that as the next significant support barrier. As far as buying is concerned, we don’t really have any interest in doing so and believe that short-term bounce is should lead to selling opportunities. We believe that the short-term traders will continue to move the market.
