The EUR/USD pair initially tried to rally during the session on Monday, but turned things back around and fell relatively hard. The 1.36 level has been somewhat supportive lately, so we are looking for supportive candles in order to start buying again. We think that the 1.35 level remains the “floor”, and as a result we feel that the lower we go, the more likely we are to have a nice entrance to the market. We also feel that the 1.3750 level will probably be somewhat resistive, so short-term trading is probably going to be the best way to go.
