The EUR/USD pair broke down a little bit during the session on Monday, as the market is now testing the 1.08 handle. If we can get below that number, we believe that this market will then head to the 1.05 handle given enough time. It’s probably going to be a bit choppy, but quite frankly this is the only trade that we see, selling this market on signs of continued weakness. We have no interest whatsoever in buying this particular pair, as the yellow box on the chart represent such a massive resistance barrier.
