With Europe winding up its trading day, we’re getting a modest lift among the euro and pound. EUR/USD has recovered above the 1.3150 level after dipping as low as 1.3135. Cable is at 1.5855 from 1.5825 lows as trendline support worked to perfection this time around.
Look for range trade below the 1.5890 level in cable this afternoon and below 1.3180 in EUR/USD.
