Familiar 1.3000/20 area in the spotlight again
We made a quick foray to 1.3000 after US GDP and jobless claims but ran into the large offer than Gerry mention earlier in the day. If that level is taken out, the 1.3010 and 1.3020 area should offer additional supply. Above 1.3020, it looks like we want to make a run at 1.3070.
The opening of the US cash equities market could be the catalyst for a further topside push if the fiscal cliff optimism sparks buying early.