With the Monday session featuring the EU employment figures and the Germans releasing several mid-level announcements during the day, we look at the following 3 assets:

EUR/USD

The EUR/USD pair fell on Friday after the announcement of 156,000 jobs added in the month of December came out of the United States. The market looks as if it has support at the 1.05 level, so if we can break down below there it’s likely that the put buyers will continue to jump into the market  to press even lower. Rallies continue to attract put buyers going forward.

DAX

The German index did very little on Friday, as we continue to see the market grind sideways. If we pull back from here, there is a good chance that call buyers get involved and try to take advantage of perceived value. Because of this, call buyers will be watching this market, especially considering that there are several German announcements coming.

USD/JPY

The US dollar bounced off the 115 handle, showing signs of bullish pressure. This of course is in reaction to the basically in line jobs number, sending this market towards the 118 handle, and then eventually the 120-level based upon the longer-term trend. The call buyers are most certainly involved and pushing the market higher, and it looks as if they are trying to continue the same.