The EURUSD pair initially tried to rally during the course of the session here on Wednesday, but turned around to form a slightly negative candle.

This is a bit of a shooting star, and that of course normally have sellers stepping in and also on top of that we have the 1.10 level, which of course is a psychologically significant number.

With this, I believe that the Euro continues to fall given enough time, but it’s going to be very choppy, as there are a lot of factors working against each other at the same time.

Editor’s Note: Equity investors/traders can use the Currency Shares Euro Trust (FXE, quote) ETF to take positions in the euro without a FOREX account.  The ETF looks to track the price of the euro (EURUSD), minus ETF fee. The fund seeks to reflect the price of the euro with the shares representing a cost-effective investment relative to investing in the FOREX market.

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