EUR/USD bounced form lows on Monday as traders continue to step into the market and buy just below the 1.35 level. The pair is under serious pressure, but seems to be massively resilient. The area below seems to be very supportive all the way down to the 1.31 level. With this in mind, this pair is likely to bounce, but fall again. We like selling rallies.
USD/CHF continues to sit still as traders cannot break the recent highs. The USD is the last safe haven trade, and the Franc is being pressured by its own central bank and should continue to be impossible to own.
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