The EUR/USD pair fell during the trading session on Thursday, and even broke below the 1.07 level during the day. This is a very sign, and I think that the downward momentum is going to continue now. The next serious support I see as near the 1.06 handle, so I think short-term sellers will come into the market from time to time. Given enough time, I do think the buyers come back but currently it looks as if the sellers are in control. The market continues to be very volatile and I suspect that this has a lot to do with Great Britain finally triggering the Article 50, and concerns that the effect will be negative for the European Union. German economic numbers were a little light during the session so that of course didn’t help either. for more analysis: http://www.dailyforex.com
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