The EUR/USD pair fell during the course of the day on Tuesday, as we are now below the 1.0750 handle. With this, we believe that the Euro continues to fall, and will eventually test the 1.05 level for support. We believe that area will in fact find support, but it’s only a matter of time before we break below there. With that being said, we are sellers of short-term rallies as we believe this market will continue to be choppy with a downward bias. We have no interest whatsoever in buying at this point.
