Fundamental

The resistant area at around $0.6720 may be producing a bearish reversal, which could lead to a buying opportunity after a deep retracement.

Gold dropped rather quickly during the trading session on Monday, as it looks like the chaos in the silver market is starting to influence what is going on over here as well.

The Euro pulled back a bit during the trading session on Monday against the Japanese yen, as we continue to see a lot of noisy overall trading behavior.

The British pound has been pretty choppy during the Monday session as we continue to hover around the 1.35 level.

The light sweet crude oil market continues to see a lot of volatility on Monday, as we have in fact gapped to the upside and then rallied a bit, but we are already starting to see some of the strength leave the market.

EUR/USD struggled to make a decisive move in either direction on Monday to close virtually unchanged. The pair continues to move sideways, slightly above 1.1750, in the European session on Tuesday.