I’m still of the opinion that EUR/USD is in a longer term holding pattern around 1.3000 and if we are looking for big moves then we should concentrate elsewhere. The EUR crosses remain quite well bid which provides plenty of demand into EUR/USD, but overall the resurgent USD is probably running just a little stronger.
Selling rallies in EUR/USD is the logical play but watch out periods when the markets focus is firmly on the crosses, as EUR/USD will probably rally during such periods.
I see initial support near 1.2875 (see chart in members) and resistance levels will be very firm above 1.3250, so look to play the edges of this range this week.
On an intraday perspective, I’d try selling near 1.3040 for a renewed test of 1.2970.