The EUR/USD pair fell slightly during the session on Monday, but as you can see remains well within the consolidation area that we have been in for some time. Granted, there is a little bit of an upside bias that move, but in the end we feel that this market will eventually be decided by what the Fed does in September as far as quantitative easing is concerned. Going forward, we feel that choppiness will be the condition this market is going to find itself and, so therefore we are on the sidelines and not overly concerned about being in it one way or the other.
Written by FX Empire