The EUR/USD pair did almost nothing during the Monday session. We currently sit just above the 1.33 level, and look like we are trying to consolidate between here and 1.34 or so. This is still bullish market as far as we can tell, but we do recognize the fact that the 1.34 level marks the beginning of a significant amount of resistance all the way to the 1.35 handle. A break above the 1.35 handle would be ultra-bullish, and as a result we are willing to buy hand over fist if we get off of it. In the meantime, we believe that this market will continue higher overall and are simply looking for support candles in this general vicinity.
Written by FX Empire