Euro bulls took a breather Monday and EUR/USD recorded a small setback, sending the single currency below 1.21. The decline was however short-lived and the pair was able to hold above 1.21 (for now). We now expect the euro to trade between 1.2150 and 1.2060-40.
EUR/USD: We are long at 1.2125.
Short @ 1.2080
EUR/USD: We are long at 1.2125.
Short @ 1.2080