They still not have decided whether they are meeting today. They only want to meet if they think they have a deal ironed out. Keep an eye on the wires for an announcement of a meeting; take that as a proxy that some sort of deal has been struck.
In that case, we’ll likely get a bounce, but IMF participation should limit the rebound. 1.3430/40 should be a tough area to overcome near-term, followed by 1.3530/40.
