The pair started in Asia at $1.2925 today after a $1.2915 to $1.2952 range in the US overnight. Early market action saw euro-dollar chop around in a $1.2918 to $1.2929 range before it stabilized around $1.2920/25. It slipped from $1.2926 as Asian market started their day, retreating quickly to a $1.2915 low as the dollar advanced. It bounced off that low and traded back to $1.2925 and spent the rest of the morning in similar fashion, stuck between that $1.2915 and $1.2925 as market attention drifted elsewhere amid a lack of major euro-centric leads. Euro-dollar was last at $1.2922. Initial resistance remains in the $1.2964-88 region, the latter marking the high traded after the latest US non-farm payrolls data release. hile the $1.2964-88 region caps immediatebearish focus remains on the $1.2745 2013 low. Stops are noted above $1.2970 andmore importantly above $1.3000 today and on the downside below $1.2850.
