The pair also saw a subdued start in early Asian trading to start the new week after it marked a $1.3447 to $1.3506 US trading range on Friday and then opening at $1.3502 today. It retreated after a brief re-visit of the Friday session highs at $1.3505, finding difficulties pushing through rumored sell orders there and at $1.3520 amid a lack of significant bullish momentum, dealers said. Euro-dollar weakened through most of the morning, trading an Asian session low of $1.3475 so far. Euro-dollar currently trades around $1.3478 level and just below Friday’s $1.3495 NY close. The sequence of consecutive higher lows continued on Friday and hints at an eventual spike higher with the $1.3548 Nov 6 the next layer of resistance targeted. A close back below Thursday’s $1.3418 low is needed to relieve the immediate bullish focus while back below Wednesday’s $1.3390 low is needed to see focus return to a retest of the $1.3295 low from Nov 7.
