Below shows an hourly EURUSD chart overlayed with triple SMA (50,100,200) and then 1Yr EUR swaps overlayed. On top of this there are a variety of Fibonacci levels and Stochastics and RSI.
|EUR vs Swaps|
Stochastics and RSI are both oversold and due a pull-back, and when considering the double bottom price action we could see a bounce back towards the swap value.
While there are significant headwinds over the coming week such as various unemployment data (NFP, ADP, claims etc.), PMI's and ECB press conferences.
Furthermore, as seen here the German-US 2 year spread has been tracking very nicely but during Friday's session there was a small divergence.
For this reason I got long EURUSD at 1.3000, with a protective stop under 1.2950 and a target at around 1.3150-1.32