The EUR/USD pair fell during the session on Wednesday, as the 1.25 level has offered resistance yet again. The fall was rather significant, so we feel that we were probably heading back to the bottom of the recent consolidation area, which should send this pair down to the 1.2250 level fairly soon. We think short-term rallies will continue to offer selling opportunities, and as a result we have absolutely no interest in buying the Euro as it continues to show major weakness. With that being said, we continue to sell short-term charts and ignore buying signals.
