The cross closed in NY Thursday at $1.5528 after rate had been dragged to a session low of $1.5496 on euro-dollar post ECB/Draghi induced slippage, though euro-sterling getting pressed down to stg0.8405 diverted some of this negative pressure. Cable managed to recover to $1.5540 ahead of the close. Rate touched $1.5527 into Asia before recovering to a high of $1.5541. Rate then drifted lower, meeting support ahead of $1.5520 as it sank back to $1.5521. Tokyo holiday and usual pre NFP markets tended to subdue general trade. Cable moves overnight were driven by euro-dollar moves, while the cross consolidated Thursday’s pullback between stg0.84085-0.8423. Domestic data interest to be provided by services PMI data at 0930GMT, seen as the major element of the PMI set with market looking for further confirmation of last week’s better than expected first call reading of Q1 GDP data after positive releases in PMI manufacturing and construction data. Market median for this release seen at 52.4. Cable resistance $1.5545/55, a break to open a move toward $1.5570 ahead of stronger area between $1.5590/ 1.5610 ($1.5607 Wednesday high and 50% of $1.6381- 1.4832 the 2013 range). Support $1.5500/1.5490
