The pair started this morning at $1.3839 after getting a boost last night to $1.3877 high during the US trading hours. But as has been the case in the past few sessions, euro-dollar then settled into a lull this morning, barely carving out a 10-point range through the entire morning. It chopped around between $1.3834 and $1.3840 through the early hours of the session and then extended the lows to $1.3831 around mid-morning. It took back a few points later, getting back to $1.3838 and then settled back to wait out the rest of the session, and was last quoted at $1.3834, almost flat from where it had startedtoday. Ahead, while $1.3879 caps euro bears will continue to look for a move lower that targets retests of last week’s $1.3749 low. A close above $1.3879 sees immediate focus shift back to the $1.3948-67 region.
