The EUR/USD pair went back and forth during the course of the session on Monday as the referendum announcement in Greece came out. Because of this, we tested the 1.10 level, but it did hold. Because of this, we are still bullish of the Euro, and believe that it’s only a matter of time before the market goes higher. We think that as long as we stay above the 1.09 level, the Euro will continue to show a certain amount resiliency that cannot be ignored. Nonetheless, expect quite a bit of volatility regardless.