The EUR/USD pair went back and forth on Monday, essentially settling nothing by the time we closed. The resulting neutral candle suggests that the market still hasn’t made up its mind as to which direction wants to head, thereby making this a very tight market for most traders. The 1.38 level above of course has been resistive, just as the 1.37 level below has been supportive. In the meantime, we are on the sidelines and quite simply not interested in trading this market as it has just about come to a standstill. We need to see some type of impulsive candle in order to place a trade.
