German Ifo to stimulate....

Full moon effect came early indeed as evident in the price actions since yesterday (the erroneous tweet included). Overnight, there were signs of a USD resurgence across the board and one has to take note of its indirect impact via the EURxxx on E$ in the coming days.
The German Ifo Business Climate number today will be very important as it can steer market's expectation of a possible rate cut by ECB comes next week.

Since we are in the full moon zone, I dare to put out 2 possible scenarios in anticipation of the economic data at 4pm (Sin/HK).
Scenario 1: Weaker than expected
E$ capped below 1.3030 and fall towards 1.2930/40 before a sharp reversal for possibly 1.3140/60 in the days ahead.
Scenario 2: Stronger than expected or within expectation
E$ holds 1.2960/70 and rally for 1.3140/60 in the days ahead.

Asia order book:
Stop loss: 1.2950/40, 1.2970/62 and 1.3130
Limit: No noteworthy orders

I have revamped this part here as I re-calibrated the time period to better define the respective trend.
Primary trend (> 3 mths): Bullish (View negated if 1.20426 breached)
Intermediate trend (2 wks to 3 mths): Bearish for possibly 1.2850/70 (View negated if 1.37106 breached)
Minor trend (< 1 wk): Bullish (Limited downside to 1.2930/40. Susceptible to short squeeze)

Technically, intraday indicators are close to o/s condition though not extreme. Shorter intraday oscillator indicator is suggesting consolidation which at current level would mean more upside bias. Longer intraday oscillator indicators are still pointing lower for now. Based on the event risk this afternoon, it will be prudent to react accordingly based on the 2 possible scenarios.

E$ Daily chart - Possible scenario