The Euro initially fell during the trading session on Wednesday after forming a very negative candlestick on Tuesday. The market still remains in the same range.
If counter-trend traders continue to have the upper hand then look for the selling to possibly extend into 1.1696, followed by 1.1644.
The Euro rallied a bit on Tuesday as we reached towards the 1.18 level early in the session. However, there is a lack of news moving the markets right now.