The EUR/USD pair found the 1.35 level supportive in order to bounce during the session on Monday, but really didn’t go anywhere as far as the range is concerned. Yes, we did see the support that we would expect in this general vicinity, but at the end of the day we feel that this market continues to bounce around in this general vicinity, perhaps trying to go back to the 1.37 handle given enough time. With nonfarm payroll be in this Friday, it’s very likely that the market might be relatively quiet for the next couple of sessions.
