Euro: The pair is now in long mode on near-term time-frames. The fact that it took out the 200 day SMA area in one attempt is testament to the momentum in the play to get long the euro. There will likely be a test of 1.3480 (200 SMA) as support, and most will be looking now at that being the chance to buy the pull-back, or at least buy the subsequent re-break of that area. The 1.3750 area is now in focus as the next swing point test, and after that 1.4250 will be targeted.

Moves best once the Japanese markets have returned from lunch, and picks up real momentum from 01:00 EDT.
Long with full lots setting 40-70 pip runs that get some banked. Short with 1/2 lots looking to bank most of the order within 30 pips.

Cable: Holding around the 1.5000 area as support was key for cable bulls to confirm that they were on the correct side of the market, after sideways moves last week that tested of the weekly lows after the Bank of England rate decision. Looking for 1.5200 to hold as support going long, or 1.4950 breaking short. This now draws in 1.6000 over the next few weeks, maybe not in one go, but in stair-step moves that build, take an elevator lower in U.S. trade, and then build again. Look to buy the pull-backs that may come in U.S. trade.

Moving well from 19:00 EDT onwards.
Long with full lots setting 50-90 pip runs that get some banked. Short with 1/2 lots looking to bank most of the order within 50 pips.

Aussie: The pair easily held above the 200 Day SMA area at 0.7200 last week, and offers a strong near-term signal that solid support is in place for a test of 0.7900 and 0.8500. That may be more easily achievable now that 0.7400 is holding on the daily chart. 

Moves best from 19:00-07:00 EDT.
Long with full lots setting 40-50 pip runs that get some banked. Short with 1/2 lots looking to bank most of the order within 25 pips.

Swissy: Broke and easily held the daily chart 200 and 100 SMA areas around 1.1400. This was an ugly looking near-term chart that is following the moves in the Treasury market; our ugly duckling turned into a swan on Friday it seems. Take care expecting another run from swissy that matches the Friday move, this pair consolidates hard after big breaks. Monitor, review, and trade it only once a good period of sideways trade has held each day's pivot points. Trying to intra-day trade whilst inside R1 and S1 on the pivot points is a waste of energy; set a break of either and respect the fact that this pair needs to build momentum.

Moves best from 02:00 EDT.
Long with half lots setting 20 pip runs that get most of the order banked. Short with full lots looking to bank some of the order within 30 pips.

Cad: Holding below the 200 Day SMA area at 1.1850 was key to the move lower, with a break towards parity ($1 per C$1) now in some traders minds. A re-test of 1.1700 is likely at some stage, but it will be hard fought.

Moves best from 05:00 EDT.
Long with half lots setting 20 pip runs that get most of the order banked. Short with full lots looking to bank some of the order within 30 pips.

Yen: Holding 98.50 as support around the 20, 50, and 200 daily chart SMA areas. Long breaks of 99.50, short breaks of 98.00, and a whole lot of volatility in between. The market really does not look to want to be holding the pair at all, in either direction; this is definitely not the flavor of the month.

Moves 24 hours a day.
Half the regular lots, either long or short. Bank most of any order after 25 pip moves.