The EUR/USD pair went back and forth on Monday, printing a neutral but slightly negative candle. The fact that this was printed right after a shooting star on Friday suggests that perhaps the market is ready to fall a bit, and perhaps make a move back down towards the 1.35 level. On the other hand, if we managed to break the top of the candle on Friday, there’s no real reason why we can hit the 1.38 handle. Above there, things get a bit difficult as it is significant resistance, just as below the 1.35 level is relatively significant support.
