The pair stalled ahead of the $1.3548 Nov 6 high last night during NY trading and selling against euro-yen yen cross also weighed on the pair. Euro-dollar opened at $1.3505 this morning in Asia and then holds within a very narrow trading range of $1.3499 and $1.3524 through the entire morning session here. Minor dip-buying interest supported the pair at the $1.3495 level while stops were seen below $1.3470, with a move back below this level needed to put hopes of further tests of the $1.3548 level on hold for the time being. Euro-dollar witnessed muted trading interest in the Asian session and was last traded at $1.3513, and a close above the $1.3548 level would then see the immediate focus ratchet higher to tests of the $1.3640-50 region.
