The pair started this morning at $1.3715 after a $1.3703 to $1.3723 range in the US last night. It drietd down a few points to a $1.3713 low but then picked up demand from various accounts from below $1.3700. Euro-dollar went up to $1.3717 where it paused for a while before resuming its move higher. Euro-dollar went up to revisit last night’s $1.3723 high in the late morning, aided also by euro-yen’s gains, with the cross rising to Y139.83 high after an early low of Y139.48. The euro has however failed to make further gains beyond that as offers spotted at the area of yesterday’s $1.3731 high and into the100-day moving average at $1.3741 hampered the moves. Euro-dollar was last at $1.3714 with stops noted above $1.3750 and also above $1.3775 with a close abovethis level needed to ease the bearish pressure. Key for the euro ahead will be the release of French, German and EZ CPI data combined with the ECB monthly bulleting and EZ Flash GDP data due out in Europe on Thursday
