The EUR/USD pair went back and forth during the session on Monday, essentially showing that the area just above is going to continue to be massively resistive. There is a downtrend line from the monthly timeframe that would keep the market a bit heavy. That being the case, we need to see whether or not this market can break out to the upside in order to start buying and aiming all the way for the 1.50 level. As far selling is concerned, we need to get below the 1.37 level to feel comfortable enough to start selling. In the meantime, we expect quite a bit of noise.
