The EUR/USD pair tried to rally during the course of the day on Wednesday, but as you can see ran into trouble at the 1.26 level yet again and fell to form a shooting star. Because of this, we believe that a move below the 1.25 level is in fact a selling opportunity in a market that most certainly is in a massive downtrend. We have no interest in buying, as we believe that the sellers will come back into the market to punish the Euro again and again. With that being said, we remain bearish.
