The EUR/USD pair initially fell during the course of the day on Wednesday, but bounced enough to form a nice-looking hammer. With that being the case, it appears that the market could get a little bit of a bounce from here, but the 1.32 level of course looks far too resistive for us to start going long of this market. In fact, we think this might be a nice short-term rally that could give us a better selling opportunity at higher levels. With that in mind, we are still bearish, and looking to sell.
