During the session on Monday, there's nothing out there that can move the markets as far as economic announcements are concerned, so we think that we will see a lot of the same themes that we've seen recently. With that, we anticipate a lot of range bound trading, and do not anticipate strong moves for the most part.

1 – We believe that the EUR/USD pair will continue to consolidate between the 1.08 level on the bottom and the 1.10 level on the top, and quite frankly look to play back and forth in this market, on short-term charts. We do not anticipate any type of strong move this week as we are getting into the absolute slowest time of the year.

2 – One bright spot could be the USD/CAD pair, as oil begins to fall again and the US dollar continues to strengthen. Employment numbers out of both economies were reasonably decent, but at the end of the day the trend is up and we have broken above a significant resistance barrier in the form of the 1.30 handle. With that, we believe that call buying opportunity should present themselves on pullbacks again and again.

3 – US stock markets in general should find buyers below, but at this moment in time as we write this, it does look a little bit like stocks might be soft for a minute. We are looking for supportive candles in order to take advantage of we believe our longer-term uptrend in the US stock market in general.