The EUR/USD pair initially tried to rally during the day on Monday, but found far too much in the way of resistance near the 1.13 level. This is the area that has been resistive again and again, and we also recognize that the market will more than likely reach down towards the 1.11 level. This is a tight consolidation area, so quite frankly we are not putting much money into this marketplace but do recognize that buying binary options on the edges of the consolidation area may be the way to go going forward.
