Been up to 1.6043 this morning from early session lows around 1.5970. Middle Eastern names have been the buyers but there’s also some talk of a major European name and an Asian sovereign slowing the move higher towards a barrier at 1.6050.
The market closed on Friday above the 200 wk MA at 1.5996 which should trigger a potentially bullish signal
The PMI due out in few mins is expected 50.7 against last month’s 51.2 release
