The pair saw a lackluster start to the Asian session today, after it had ended in the US around $1.3109, off that session’s $1.3121 high. The quiet pre-weekend trade saw euro-dollar initially tread water in a $1.3110 to $1.3115 range before it was then dragged down by the sharp fall in euro-yen and amid talk of a major international lender selling the pair. Euro-dollar slid below $1.3100 and stalled ahead of support at the 200-day moving average of the $1.3080, hitting $1.3089 before recovering again through $1.3110. Like the aussie, euro-dollar rode on this recovery to extend the day’s high to $1.3150 as the dollar weakened elsewhere. Euro-dollar was last at $1.3139 and faces tough resistance ahead in the $1.3180/3200 region coming into the European day.
