The EUR/USD pair broke higher during the session on Monday, slamming into the 1.37 handle. This is an area that’s been significant resistance previously, so it makes sense that the market stopped right there. However, the fact that we are closing out the top of the range suggests that the market is going to make a significant attempt to break out to the upside. However, we do not feel comfortable buying into we get above the 1.3750 level, as it would be a clearance of the potential “zone” above. On the other hand, if we pullback to there could be enough buying pressure below in order to make buying supportive candles possible.
