It will be a day or two until market digests the recent change of winds regarding USD strength. The EUR/USD drop of 400pips in 24 hours will be discussed for a long time, I assume. The magical 1.50 level did not hold during the weekend, maybe the war between Russia and Georgia helped a bit… Currently the pair is consolidating, but who knows for how long! TSS v4 did not let off of the short position, we’re waiting for the trend to resume, and giving it a breath right now. EUR/USD at +420 pips right now, GBP/USD at +262 pips at the moment of writing.