The EUR/USD pair initially tried to rally during the course of the day on Monday, but found the sellers far too stringent, and then pullback to form a bit of a shooting star. The shooting star at the longer-term downtrend of course suggests that this market is going to continue much lower. We believe that the market is heading to the parity level given enough time, so this point in time we look at any rally as a selling opportunity. The Monday session of course has been no different, and therefore a break below the lows of the Monday session, we are more than willing to start selling again.
