The EUR/USD pair initially tried to rally during the course of the day on Wednesday, but a stronger and more hawkish than anticipated statement coming out of the Federal Reserve of course sent this market lower as people buy the us dollar. We believe that the market should continue to go lower down to the 1.25 handle, and possibly lower than that given enough time. Ultimately, we have no interest in buying this pair, and we do believe that the Euro will continue to be one of the softer currencies that we trade.
