It could be a big day coming up in Europe, with a Cyrus announcement due at 0800GMT and a Monday deadline from the ECB. With that in mind, here are the levels to watch:
On the topside
- Offers at 1.3000 and again higher at 1.3100/20
- Initial offers 1.2925/35
Downside:
- Initial bids 1.2875/85
- Bidders again around 1.2850 and 1.2825
I cant see it moving too much ahead of the European morning, to be honest.