The EUR/USD pair had a fairly strong showing during the session on Monday, as we bounced from the 1.28 support region. Because of this, we may see a bit of strength in the Euro going forward, but certainly will find the 1.30 level as being somewhat resistant. Because of this, we feel that the short-term trend is going to be positive, but eventually we should get a selling opportunity closer to that 1.30 level. At this moment in time, we are flat of this marketplace, but will look to sell on the right resistive candles.
Written by FX Empire