We touched 1.5996 on that last run up with an Asian sovereign the main buyer, but the usual heavy offers in front of the barrier and the ubiquitous BIS offering in EUR/USD appears to have fended off any further attempts for the time being.
There are offers clustered up around 1.6020/35 should the barrier get flushed, but pressure’s off at the moment with a slip back to 1.5980. Bids sit down at 1.5930/35 and 1.5910/20.
