Outlook on EUR/USD

We are at an interesting area with price approaching the End of Month. Looking at a monthly chart (below) we are forming a spinning top should price close between 1.4080 - 1.3950. I would be expecting price to either maintain the above range until the week ends, at which point I will look for long-mid term shorts.

On the otherhand, we may get a strong bullish move coming into this week, which will likely continue into mid July.

I believe we will see another sell off in the equity markets, and if we get the spinning top on the monthly chart, it may be an excellent opportunity to position ourselves to capture a run south.

I will update my view on Tuesday/Wednesday.