The EUR/USD pair fell slightly during the course of the day on Tuesday, but we remain above the uptrend line from the massive ascending triangle on the longer-term charts that we have been talking about. Because of this, it’s almost impossible to sell this market right now, but if we do break down significantly from here, we would not hesitate. On the other hand, we could get a significant bounce, so quite frankly at this point in time it’s probably best to leave this market alone as the FOMC Statement will cause a lot of volatility. We will reevaluate at the end of the Wednesday session.
