Closed in NY Friday at $1.5803 having slipped off early European highs of $1.5869. Asian trade opened flat around $1.5815 before tracking early euro-dollar supply and briefly making a show under $1.5800. Dip demand recovered to $1.5810 and the pair remained in consolidation mode ahead of an expected quiet European session with the UK public holiday. Support seen on the downside at $1.5770, behind here and stops on a break of $1.5760 ahead of strong bids at $1.5750. The 100 dma sits just behind at $1.5748, with more stops set through $1.5740. Euro-sterling closed in NY Friday at stg0.7912, the rate having recovered off pullback lows of stg0.7890. Trade remained in a tight 10 pip range overnight with support seen at stg0.7900, ahead of stg0.7885. Offers reported at stg0.7925, stronger behind at stg0.7950.
EasyForexNews Research Team