The EUR/USD pair initially fell during the course of the day on Monday, but as you can see we bounced slightly in order to form a bit of a hammer. However, the range was very tight, and as a result we believe that even if we do see some bullish pressure now, it’s going to have a fight on its hands to get above the 1.35 handle. With that, we are more than comfortable sitting on the sidelines waiting for the market to come to the 1.35 region in order to sell the first signs of weakness.
