The EUR/USD pair initially fell during the session on Wednesday, but turned back around to form a relatively positive session. With that, we feel that this market should ultimately find resistance at the 1.25 level, which has been so resistive recently. We are looking for some type of resistant candle in order to start selling this pair, as the US dollar continues to be the favored currency around the world. We have no interest in buying this market, because there is so much resistance all the way to the 1.30 handle. With that, this is a “sell only” market.
