The EUR/USD pair broke higher during the course of the day on Tuesday, but found enough resistance near the 1.29 level to turn things back around and form a shooting star. The shooting star of course is directly in opposition to the hammer from the Monday session, so feels like this market simply isn’t ready to go anywhere yet. However, if we close below the 1.28 level, we feel that this market will continue to drop from there. Rallies on short-term charts will continue to offer selling opportunities all the way to the 1.30 level as far as we can see.
