Looks as though the easy money has been made in EUR/USD with key support at 1.2626 still intact after last week’s test. Now comes the consolidation in which half the players are looking to buy the dips and half to sell the rallies.
In a vacuum, selling the rallies is the play as the trend is your friend and more money is made trading in the direction of the trend than in fighting it.
Buyers are seen near-term in the 1.2745/50 area near-term while sellers are eyed at 1.2775/80.