Nicole Elliott, senior technical analyst at Mizuho Corporate Bank -
"Rallying faster than we had hoped, breaking above the top of the
Ichimoku ‘cloud’, and re-testing May’s high at 1.5818. Expect
hesitation here this morning followed by a cautious small squeeze
higher. A sustained break above 1.5900 while unlikely today, will
probably lead to an awful lot of re-thinking on the US dollar."