The EUR/USD pair fell during the session on Wednesday, as it was revealed that the ECB could do a small rate cut if needed in the future. Because of this, and appears of the Euro will continue to fall and as a result the market looks like it’s ready to continue falling. With that being the case, we feel that the 1.33 level will be targeted in the short term, and with all of that being said we are sellers of the Euro for the short term. Short term charts could be used as entry signals and as a result we feel that short-term traders will continue to push his market down to the 1.33 handle.
Written by FX Empire