The EUR/USD pair initially fell during the session on Monday, but then shot higher later in the day in order to challenge the 1.0950 region. We still see the 1.10 level as resistance, as the market has seen that level as resistance and support in the past. Because of this, we are looking for some type of resistive candle in that general vicinity to start selling again as it does in fact continue the long-term downtrend. Because of this, we are on the sidelines but we are most certainly pain attention to a marketplace that should offer opportunities soon.
