The pair traded morning today, mostly between $1.3150 and $1.3160 after it recovered from early weakness in the $1.3135/50 zone. Weekend reports out of the eurozone were centered mostly on problems in the peripheral economies and the G20 meeting which ended Saturday but none of which contained any major surprises. Euro-dollar got a lift through $1.3160 as the dollar weakened, reaching $1.3170 before the move ran into sellers above. These are believed to extend through $1.3190, dealers say. Euro-dollar was holding off that high at $1.3153 ahead of the European open, supported to some extent by rumored demand from tech accounts below $1.3120, dealers say. The 200-day moving average then brings up stronger support below at $1.3080.
