The EUR/USD pair went back and forth during the session on Monday, essentially testing the 1.25 level but going nowhere. We think that this market will continue to go lower given enough time, and as a result we are bearish overall. However, we don’t really have a trading signal at the moment and as a result we will simply have to be patient and wait for a sell signal to go going forward. Otherwise, we are on the sidelines and simply counting down the days to nonfarm payroll, which of course is this Friday.
