EUR/USD saw a pullback for the session on Monday, but got a bit of a bounce late in the day. The 1.29 level looks like it is going to offer support, and the 1.30 level resistance. Because of this, we think this could be one of the more difficult pairs to trade in the near term.
The GBP/USD pair fell as well, but bounced nicely in order to form a hammer. The pair has been consolidating around the 1.62 level lately, and as such we think a pullback may not happen. (Even if we wish it would.) We are very bullish of the Pound at the moment.....
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