I expected a short term reversal to 1.1380 and a bounce to some where around 1.1510, it will be prudent to get out at 1.1500. All of this is supported by Fridays fundamentals which was 1 positive news for the currency (Non Farm Employment Change) vs 2 negative news (Unemployment rate and average hourly earnings m/m). Please be careful around Wednesday and Thursday when Yellen speaks. You can do a good straddle as the currency often goes one direction.