The EUR/USD pair fell significantly during the course of the session on Tuesday, as the 1.10 level continues offer significant resistance. With this being the case, the market looks as if it is going to continue to bounce around between the 1.08 level on the bottom, and the 1.1050 level on the top. With the market back in the way it is, we believe that we will continue to go lower, as the 100 day exponential moving average shows a very flat market, meaning that we should reach towards the bottom of consolidation.
