The pair started last night’s US session near the weaker end of a $1.3643-96 range following softer German state CPI data, and ongoing tensions in parts of the Ukraine but some stop-driven moves then saw the euro climb back through $1.3700 for a $1.3727 high. Mild risk-on sentiment early in the Asian morning kept euro-dollar holding above $1.3700 despite a slight pullback to a $1.3704 low. Small demand interest at $1.3700 reported in place pushed the pair up to a $1.3715 high but the overall tone was largely subdued for the euro. The pair was last traded at $1.3705, justa bout where it had started the day. Immediate support seen at the region of the overnight lows with strong demand cited below at $1.3620 seen containing further declines while stops were also spotted ahead from $1.3665/60. Up top, decent-sized sellers are at $1.37725/30, with similarly sized stops cited on a break above the latter mark.
