The EUR/USD pair broke higher during the course of the day on Tuesday, but we still have the 1.26 level above that should be resistive. That being the case, the market should see sellers coming back into the marketplace and offering a selling opportunity fairly soon. We believe that this market will continue to be bearish overall, and that it’s only a matter of time before break down significantly. With that being the case, we have no interest in buying, and we think that 1.28 is about as high as this market can go.
