• Offers 1.6090/1.6100 (these were tested late Europe/NY morning and firmly rejected so far).
• Above the figure 1.6120/25 are recent highs and then to 1.6150/70 are October highs.Offers around these levels, should we get there.
• On the downside, bids 1.6060/65 (these are close by) then more just below 1.6050.
• Support is more solid around 1.6035/40.
• Again, major scheduled news/eco releases to help provide a catalyst are absent today (which leaves us with the much more interesting unscheduled announcements that come along to surprise us). There is some housing data due out at 0001GMT, but its not a huge mkt focus.