The EUR/USD pair initially tried to rally on Monday, but found enough resistance above that the market fell. However, the European tour and even at work during the session, so it’s hard to read too much into this candle. We essentially look at this is an unchanged market, and look at the totality of the marketplace before we start trading it. We recognize that there’s been a couple of the shooting stars are recently, that means there should be some bearish pressure in this marketplace. However, just below the 1.38 handle we should see a lot of buyers step in the marketplace and other words, we feel that this market is going to be very difficult to trade, and quite frankly aren’t interested.
