The EUR/USD pair broke higher during the course of the day on Wednesday, breaking above the 1.28 level. However, we are starting to see a bit of resistance just above it, so we are simply waiting for some type of resistant candle in order to start selling again as it is with the longer-term trend. We ultimately believe that the market will test the 1.25 handle given enough time, but it could be rather choppy all the way down there. That being the case, we need to see the resistive candle in order to start selling in between now and then we will sit on the sidelines.
