The Spillover.....

Good morning Monday! This week can be a significant one as we close the month and quarter this Friday. E$ survived the1.3200 pivot on several occasions and finished the week firm. This suggest we should have some spillover momentum to challenge 1.3300 again and I hope to see 1.3380/400 region tested this week.

Just for your consideration, EURxxx should be in a consolidation mode after the sharp rally and this will put brakes on any possible powerful rally in E$. Attention is turned back to AUD & NZD (hint).

For today, I am not expecting a big range but nonetheless, we should still be presented with intraday trading opportunities.

German IFO at 16:00 will be the only known reason for the E$ to get excited today. 

We may be caught within 1.3200/20 to 1.3300 (barrier option, not too sure when it is expiring).

So trade the range on first test. (6/10)

Have a great week ahead!