Beginning of week trend

So without getting into technical stuff, what do you guys think will happen to the pair EUR/USD when the week kicks off around 5 or 6 pm ET ?

Will the euro go up or down ?

Me I think it will go up because it went significantly down on thursday / Friday and I think it stands to regain the lost ground against the Dollar on the very short term (5 to 10 hours into trading time)
Oil keeps going up (117 dollars on Friday) helping

From a purely technical standpoint, I think it will head down at the opening for a bit. Maybe as low as 1.5700-ish

Then from that point it should turn around and hit 1.5900 within the next few days.

Turns out it did just that :slight_smile:
It went down for a bit then swinged back up to settle around 15860 …
Of course the day is still young so it should move around some more

My predictions are beginning to amaze even myself :cool:

Probably time to short it for today now, though. It’s run it’s course pretty much.