The EUR/USD pair rose during the session on Monday as the markets continue to breathe a sigh of relief after the Greek bailout package was passed. However, the 1.3250 level is just above, and it looks as if it could be a spot where we will see the sellers step back into the markets. After all, the situation in Europe hasn’t been changed; simply put on hold is all. With this in mind, we are looking for signs of weakness at the 1.3250 level, and also at the 1.35 level. The pair cannot be bought in our opinion until we close above the 1.35 handle, as it would show real momentum for the bulls.
Written by FX Empire