The EUR/USD pair fell during the majority of the session on Monday, but found enough support near the 1.05 level to turn things back around and form a nice-looking hammer. This hammer of course suggests that the markets going to go higher but quite frankly we feel that there is enough bearish pressure in this market that we will more than likely just see selling opportunities at higher levels. On entering, we break down below the bottom of the hammer and the 1.05 level, we feel that the market will then fall away down to the parity level.
