The pair traded a $1.3543 to $1.3677 range last night in the US in the wake of the ECB’s decision and President Mario Draghi’s comments. It started at $1.3667 this morning in the Asia-Pacific and then turned away from last night’s high to trade a $1.3662 low. Trade has been relatively subdued so far, with the focus turning to tonight’s US payrolls data. Euro-dollar managed a weak recovery off the low around midmorning, but was stuck near $1.3670 since then. Euro-dollar was last traded at $1.3668, with immediate support eyed at $1.3630/20, moderate offers building at the latter mark and further bids have since been spotted from $1.3590/85. Sell orders are mostly clustered near $1.3700 while fair-sized stops are also expected on any break of the $1.3730/35region, according to dealers.
