The pair spent a dull Asian morning holding in a $1.3662 to $1.3685 range today, the high so far holding just shy of Friday’s $1.3688 high seen after the US jobs data. Euro-dollar was weighed down earlier in the session due to the weak euro-yen tone this morning after it opened at $1.3674. It stayed near the morning lows between $1.3662 and $1.3670 through the early hours of the session but recovered in the late morning to $1.3681. It managed to catch a small nudge up to the session high in the early afternoon and has since held near there, to last trade at $1.3679, while facing the prospect of rumored sell interest ahead from $1.3690 and then at $1.3710/20, all coming in ahead of rumored hefty stops above $1.3740. The pair currently holds below the 21-daymoving average at $1.3685 with a close above favored today, with the immediate focus to then shift higher to layers of resistance in the $1.3775-1.3815 region with the 21 day upper Bollinger band noted at $1.3808. A close below the $1.3655 level is needed to ease the current bullish pressure.
