I do believe at this point it’s likely that the Euro will continue to be a bit of a punching bag.

The EUR/USD rallied a bit during the trading session on Tuesday but continues to see a lot of problems to get going to the upside. This is a market that at the signs of exhaustion that you will get from time to time, it’s likely that the sellers will come back into the market to punish the euro. After all, the US dollar is by far the strongest currency out there, and I just don’t see how those changes anytime soon.