To the topside – resistance levels:

  • 1.0500 – very solid level if we get up here today
  • 1.0475/80 – talk of selling here to get in ahead of 1.0500
  • 1.0454/59
  • 1.0442/47

Downside,

  • 1.0400/05 Initial support
  • 1.0390 Talk is of some buys below the figure

We’ve got the AIG PMI incoming at 2230GMT.