The EUR/USD pair fell during the course of the Thursday session, breaking below the 1.09 level. Because of this, we feel that the Euro is going to continue to sell off, and therefore if we can break down below the bottom of the range for the session on Thursday, we are sellers. On the other hand, if we get some type of bounce, we will probably just step to the side and let this market figure out where wants to go over the longer term. With that being the case, it looks like the US dollar is strengthening overall though.
