There is also today’s Japanese Tankan report and the HSBC China PMI data to add some volatility to the market, but I’m presuming that with many financial centres closed for the long weekend we will not see a whole lot of movement. There are no reports of any major stop-loss orders close to the market.
Initial technical support is at 1.0395/00 with stronger levels near 1.0360. Resistance is also clear at 1.0500.