The EUR/USD pair tried to break above the 1.10 level during the course of the session on Monday, but as you can see show quite a bit of resistance. With that being the case, the market should continue to see sellers every time we rally, and I believe that this market will continue to be one that heads towards the 1.0750 level, and then eventually the 1.05 handle. We have no interest in buying until we get above the 1.15 handle, and then something that isn’t going to happen soon. We just simply sell rallies.
