The pair opened at $1.3598 this morning in Asia, following Friday’s Independence Day holiday in the US and briefly poked through $1.3600 for a look at a high of $1.3602 before turning down. The pair then ran into rumored sellers at $1.3610 and gravitated to a $1.3583 low soon after. It marginally extended the low of $1.3581 in the morning session but losses were subsequently contained by buyers at $1.3580. Euro-dollarcontinued to hold off that low, and was last at $1.3583, with larger bids then noted further down at $1.3560. Up top, beyond those $1.3610 offers, further sellers are noted at $1.3645/50, with resistance then noted at $1.3660/65 and the 200-day moving average above that at $1.3677. Last week’s pullback from above the 200-DMA ($1.3677) continued for the euro on Friday with the close below the 21-DMA ($1.3599) confirming immediate focus on the $1.3564 support and overall focus on the $1.3503-12 region where June monthly lows and the 21-day lower Bollinger band are also noted. Lookingahead, stops are noted above $1.3640 and $1.3700 today and below $1.3560 and $1.3500.
