No major events are expected today.

EUR/USD is holding near 1.18–1.19 on Monday, while demand for the dollar remains strong: the market continues to price in a longer period of tight conditions in the US after resilient macro data. Any strong figures on demand or manufacturing would reinforce the “higher for longer” narrative and support inflows into dollar assets, limiting the pair’s upside potential.

On the European side, the picture is less convincing. Cooling inflation and the ECB’s cautious tone keep the euro sensitive to yield differentials and overall risk appetite. If US data today confirm economic resilience, this could increase pressure on EUR/USD, as the fundamental bias remains in favor of the dollar.

Recommendation: SELL 1.1860, SL 1.1905, TP 1.1760.