Most of you will be aware by now that there is another option play at 1.3700, with barrier protection ahead of the level and supposedly “massive” stops above. I consider it highly unlikely that the Asian market will have the power to challenge these levels (barring unforeseen events like we witnessed yesterday) but if we’re close come early European trade, then a test is highly likely. Bids on the downside begin at 1.3620 so that’s likely to be our range for the session.