• Overnight data showed US ISM non-manufacturing index rebounds to the best level in nearly a year.
   
• Bulls appear to face exhaustion in Asian session today, pair trades a narrow range.
   
• Stiff resistance seen at 103.67 (100-DMA), only break above could see further upside.
   
• NFP is the main risk event for the major, will determine if the Fed remains on track to raise rates this year.
   
• Major support levels - 103, 102.67 (Oct 5 lows), 102, 101.73 (20-DMA)
   
• Major resistance levels - 103.67 (100-DMA), 104, 104.32 (Spet 2 high)
   
• Breakout above 100-DMA could see test of 104.32, while on the flipside, rejection there could see drag to 101.75 levels.
   
• We would wait for confirmation on technicals to initiate trade.