A session of minor consolidation so far in the Asia-Pacific today, as market players took on a wait-and-see stance as they watched events unfold in Greece following the election outcome. Euro-dollar had fallen to a new 11-year low of $1.1098 during Monday’s session but regained some lost ground to start the session today at $1.1239. Early euro-yen plays lifted euro-dollar to $1.1250 but it struggled to make further gains beyond that. After a couple of shallow retreats, euro-dollar traded up to a fresh session high of $1.1258, a move also inspired by a higher euro-yen rate. Euro-dollar encountered sellers above that high and it slipped back again in the late morning to $1.1237. Ahead, offers are noted around $1.1300 and stop-loss orders are being cited above. Support is seen at $1.1220, marking the 38.2% fibo retracement of the $1.1098 to $1.1295 rise.
