By default I am bullish the Euro as economic data shows growth/positive in the past weeks and positive development on the German political issues (Merkel and co). I am somewhat Bearish on the USD with bets that investors still thinking off the inflation worries stated in FOMC meeting, the tax reform uncertainty. Though this is at least for Monday as plenty of U.S related risk events and data coming this week (Prelim GDP, FOMC members speaking)
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come on now come on now!
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1.19500 level seems to be respected as of now. Price goes back to 1.19400 now. Re-pricing or another chance to Long towards 1.19600?