The EUR/USD pair fell during the course of the session on Thursday, showing that we couldn’t hang onto the gains from Wednesday. We’ve completely wiped out that candle for the most part, and as a result it appears the market is heading back down to the 1.05 level. You can look for support at that area, but eventually we believe that this market is going to break down below it. We think that short-term rallies will offer selling opportunities, and as a result we should continue to find plenty of sellers in this marketplace.
