We mentioned last Thursday that the pullback saw buyers lining up between 7200 and 7220. These bids were never tested with many paying up above 73c on Friday. There are still good bids at 7200-20 but im not sure we will see a retracement back to there in a hurry. Traders have buy stops above 74c which should see us run to our much talked about target of 7475. Intraday players are happy to play from the long side today with expectations that we pop above 74c into a thin European session later on. Small take profit orders here at 7380-85. AUDUSD will follow EURUSD, so watch Euro for clues.