EUR/USD pair fell hard during the session on Thursday, breaking below the 1.12 handle. Because of this it appears that the market is ready to continue going lower, probably down to the 1.11 handle. We believe that the pair will continue below there and finally aim for the 1.10 handle given enough time. Rallies at this point time will be selling opportunities and we will use short-term charts in order to enter the market. The Euro continues to have major problems, and of course the US Dollar is the favored currency by Forex traders. With that we are still bearish.