The pair closed in NY Tuesday at $1.3079 after recovering off lows of $1.3042 to $1.3090 before easing into the close. Rate initially edged back to $1.3089 in opening Asian trade before turning lower and drifting off to $1.3065. Dip met fresh demand which lifted rate to an initial recovery high of $1.3092 before dipping to $1.3080 then pushing on to post session highs of $1.3097. Rate settled around $1.3090 ahead of the European open. Offers have been reported into $1.3100, with further interest seen extending toward $1.3110 with stops above, larger stops noted on a break of $1.3120. Bids now seen at $1.3080, more at $1.3065/60 ahead of $1.3040, with stops reported below. Eurozone services PMI provides the morning interest, beginning with Spain at 0713GMT, with Eurozone due to finish the set at 0758GMT. Eurozone retail sales and GDP follow at 0900GMT. US ADP opens afternoon trade at 1215GMT, followed by factory orders and non-mfg ISM at 1400GMT.
