The pair started in Asia $1.3547 after a $1.3539 to $1.3584 range in the US last night. Early interest carried the pair higher but euro-yen losses following the China flash PMI data stifled the move and euro-dollar was then stuck in range through the rest of the session. The pair got up to $1.3558 high earlier and then retreated to $1.3530 in tandem with euro-yen. The euro found some interest via euro-aussie but again momentum and flows were not in its favor. Towrad the end of the Asian session, euro-dollar was holding at $1.3546, just about where it had started the day earlier. Offers toward $1.3600 are still said to be in place while there are also stops lurking from $1.3575, dealers say. On the downside, demand was also cited below this morning’s $1.3530 low and these are said to stretch down toward $1.3490. Immediate support is seen at the $1.3517 Jan. 22 low, with sell-stops also noted on any break below $1.3490
