Published at 08:49 (GMT) 23 Nov

EURUSD

The funds are all USD sellers (with the usual exception of USD/JPY), sentiment helped by the Eurozone PMI data we have seen so far (French manufacturing was a disappointment but was outshone by a big jump in services). 1.5065 is still the big EUR/USD target, while the elusive 1.00 beckons on USD/CHF. The model funds did not display a lot of patience last week and got topped and tailed in a market that was quite volatile in a limited range. We expect the parameters may have been given a tweak wider over the weekend. PB