The pair marked a $1.3582 to $1.3659 range in the US on Friday, before starting out this week at $1.3590. A choppy start to the session saw euro-dollar initially hold above the opening mark, but capped also at $1.3600. The pair began to lose ground as euro-yen also deflated after Japanese stocks went into negative territory, and euro-dollar soon went through Friday’s US session low. Demand at $1.3580 kept euro-dollar from falling too far below, with the pair eventually trading a $1.3579 low in the Asian morning today. Euro-dollar continued with a heavy tone as Asia-Pacific stock markets remainedlower but held a more stable tone, and was last traded at $1.3585, not very far from where it had started the session today. Orders info suggest further bids are in place from $1.3575 with stops expected on a break lower. Further down, the immediate focus continues to be on a retest of the $1.3521 support with the 100-DMA noted just above at $1.3539.
