The pair traded a high of $1.3833 last night in the US and ended just off that high at $1.3831. This morning in Asia, it started with a brief move up to $1.3834 before easing to around $1.3830. It extended the lows to $1.3827 before recovering again Players have been watching developments in Ukraine as a source of potential volatility and overall interest has been muted with Australia and NZ markets closed today and with the weekened just ahead. Euro-dollar rebounded to a $1.3835 high in the late morning and was last at $1.3834. Support is seen at $1.3790/85, strong demand interest noted from there to $1.3775. Retests of the $1.3863 resistance level are expected ahead whilethat support region holds with a close above needed to provide some breathing room and shift immediate focus to the $1.3905-67 region. Stops are noted below $1.3770 and above $1.3870.
