EU was stuck in a small range between 1190 and 1240 on friday and will most probably stay in the range on monday, too. If it breaks out, it is more likely to break out to the upside, towards 1280, but a SL below 1190 is a safe thing to do, because it can also break to the downside anytime now. Since tuesday is the last day of the month, anything can happen, so it may be safe to stay out until wednesday-thursday. The only safe trade of the week is EG to me, with an easy target of 50 pips. Short around 9100 and get out around 9050. Other than that, we can only wait and see where the market wants to go and then follow the money.
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