The EUR/USD pair fell during the session on Monday, but found enough support near the 1.13 level to turn things back around and form a hammer. We have been consolidating between the 1.13 level and the 1.15 level recently, so we think this market will probably bounce from here albeit in a very small manner. We believe that the market is still a massively bearish, and as a result we are sellers overall. We are much more comfortable selling resistive candles, which of course we don’t have one at the moment, so a bounce could be used to enter this market to the short side.
