The EUR/USD pair initially fell during the course of the session on Tuesday, but ended up heading back towards the 1.25 handle. It’s actually the 1.26 level that we think that the significant resistance will come back into play and pushes market back down. Ultimately, we believe that the Euro continues to break down therefore we look at this is a potential selling opportunity as soon as we see signs of significant resistance. Buying cannot be done, and we do believe that ultimately this market heads down to the 1.2050 level given enough time.
