The EUR/USD pair fell during the session on Monday, as we pulled back from the 1.15 level. We do believe that this market eventually goes higher, but we obviously need to pull back a little bit and try to find some buyers below to increase the momentum. Momentum is what will be needed in order to break out above this obviously resistive area, but up above there, we feel that the trend has changed permanently, and that the market should continue to go much higher over the longer term. Ultimately, we just need to show patience.
