The EUR/USD pair went back and forth on Tuesday, ultimately hugging the 1.14 level yet again. We believe that this market is essentially going sideways and below the 1.15 level overall as the Euro continues to have trouble in general. Because of this, we are sellers on resistive candles but don’t really have the signal quite yet. With that, we are bearish but recognize that the market may be fairly quiet of the next couple of sessions as we digest all the latest news. Ultimately though, we think this pair test the 1.11 handle.
