The Euro blew through our watch area without triggering but rebounded late during the Friday session. We wanted to be long by now but we are not. There is a lot monetary news events out of Europe this week so we will be cautious of our positions. For now, we want to look for a trigger long (which may happen over night so get the coffee brewing) down to our watch area. If we are fortunate enough to get long and have a break out Monday then we can manage the trade into the news events. If not then we will flatten all positions before the events. NO TRIGGER, NO TRADE!