EUR/USD is still hanging around the low 1.41’s after putting in a low of 1.4104 a little earlier. Large stops are reported below 1.4060 and they may come into focus when Europe gets going.

There’s an old wives tale in the market that if Asia puts in a new high or low on a Monday morning, the rest of the week will be spent going in the opposite direction. Let’s see if that happens this time around.