The EUR/USD pair fell during the session on Monday, in response to the Russian invasion of the Crimea. A lot of money left the stock markets in the European Union, and this was probably going to be partially responsible for the pullback. On top of that, we had approached a very significant resistance area, so perhaps a pullback wasn’t that big of a surprise. However, we feel that this market will continue to chop around in a relatively tight range, so therefore we would prefer to stay out of this market at the moment.
