As we're not sure what to expect this week with market fluctuations, we are waiting for the London session to lead the way. We will happily follow momentum over the next few days; however, we are expecting a round of consolidation. Going into the week, we will start with German Ifo sentiment on Tuesday, trading the release Live! during the London session. We expect economic data to be mixed this week and we are going to focus on retracements as profit taking may be needed before a continuation of dollar weakness.

Don't forget, we will be hosting Live! Trading sessions this week. Premium members may access the direct link in the Members Downloads section. The room will be open 15 minutes prior to trading.

If you'd like a more detailed analysis with potential trade opportunities during our live trading session, please join us in the member's area.