The EUR/USD pair fell during the course of the day on Monday, continuing to show a bit of a downtrend, and consolidating in this general vicinity. We believe that the 1.33 level is the significant support that the market will look for, and ultimately that’s where we would go. We believe that the market is looking for that area, and as a result we are sellers short-term, and then look for some type of supportive candle in the 1.33 area to turn things back around and perhaps bounce size 1.35. At this point time, we believe that short-term trading will continue to be the way of the market.
