The EUR/USD pair did very little during the session on Monday, but continues to essentially grind its way sideways, as the market has no idea what to do at this point. The 1.14 level continues to be resistive, and as a result selling should come back into play soon. Ultimately, even if we broke above here, we should then find massive resistance of the 1.15 handle as well. Ultimately, the market should then head to the 1.11 handle, and eventually aim for the 1.10 handle below. That area should be significantly supportive, but we are most certainly in a downtrend overall.