The EUR/USD pair rose during the session on Monday, but then struggled at the 1.06 handle. With that being the case, the market looks as if it’s ready to continue going lower, but we also recognize that the 1.05 level below is going to be supportive. Because of this, we are very hesitant to start pushing the envelope as the supportive area has been so strong. If we can make a fresh, new low we would be much more aggressive about are position size. With that being the case, we are playing “small ball”, but will eventually press the issue.
