The EUR/USD pair fell during the course of the session on Monday, however we still have plenty of support below. It is not until we break down below the 1.13 level that we are comfortable selling, unless of course we rallied and found resistance at the 1.15 level. We don’t have any interest in buying this pair under any circumstances, so really comes down to whether or not we sell below the 1.13 level, or if we so closer to the 1.15 handle. We believe that ultimately this pair will go down to the 1.11 level.
