The pair started in Asia at $1.3525 this morning after last night’s $1.3520 to $1.3540 range during the US session. Early focus was on news of fresh US sanctions against Russia but the market took the news in stride, keeping euro-dollar in a $1.3525 to $1.3530 range. The pair then recovered through the early high to peak at $1.3534 although trading interest was largely muted. Euro-dollar backed away from the high and was last traded at $1.3524 ahead of the European open, with bids noted just below at $1.3520, also corresponding to the lows of June 11/13 at $1.3522/21, also the low traded last night in the US, while the $1.3540 US session high serves as immediateresistance. Stops are noted below $1.3500 and $1.3470 today, and above $1.3600, $1.3660 and $1.3700. Key economic risk for the euro is seen coming from the release of EZ CPI data in Europe Thursday
