The EUR/USD pair rallied a bit during the day on Tuesday, but found enough resistance above the 1.06 level to turn things around and start to drift to the downside again. Because of this, it looks as if the sellers are going to continue to push this market lower, and I remain a seller because of this reason. Short-term rallies continue to offer selling opportunities, as the markets look destined to test the 1.05 level yet again. Once we break down below there, we could do some significant falling to the 1.0350 level.
Written by FX Empire