The pair started the new week at $1.1836 after it recovered from the post-NFP data low of $1.1763 during the US hours. Early dealings saw the pair creep higher as the dollar ran into selling interest on disappointment over some details of Friday’s US jobs report, tripping over stops above $1.1850/60 on the way up. Euro-dollar got up to a $1.1870 high and held near there for a few hours, with the downside initially held at $1.1856 while sellers ahead at $1.1900 capped the move. Losses resumed into the late morning as the euro failed to pick up sufficient momentum higher and euro-dollar slipped back to $1.1845. It edged back up again to $1.1853 last in early afternoon dealings. Ahead, sell orders are believed to still be in place around $1.1900, with technical resistance then noted further up at $1.1946, marking the 23.6% Fibo of the pair’s $1.2569 to $1.1753 fall.
