The EUR/USD pair initially rallied during the session on Monday, but as you can see turned back around to fall below the 1.2150 level at one point during the day. That being the case, the market fell enough to convince us to start selling yet again. We believe that this market will then head to the 1.2050 level, which has been our longer-term target all along. Ultimately, we believe that rallies continue to offer selling opportunities, as the US dollar continues to be by far the most favored currency in the Forex market right now.
