The EUR/USD pair tried to rally again during the session on Thursday, but yet again the 1.32 level has offered resistance, and therefore the market formed a shooting star again. The US dollar looks like its still king, and as a result we still believe that selling the Euro is the only thing you can do in this market. Short-term charts will lend themselves to selling opportunities from time to time, and that’s exactly how we are approaching this market. Ultimately, we feel that this market goes down to the 1.30 handle given enough time.
