The pair opened at $1.1384 early this morning in the Asia-Pacific, and saw an early rise to $1.1426 which was met by supply from leveraged accounts. euro-dollar then eased back to $1.1395. It extended the lows to $1.1386 heading into the start of the Asian day but further losses were subsequently contained. Euro-dollar spent the next few hours between $1.1390 and $1.1410 before it then staged a marginally stronger recovery to take back the initial high of $1.1426. It last trades at $1.1417 and appears likely to continue chopping around on either side of $1.1400, especially with US markets closed for a holiday ahead. For now, sellers are expected ahead above last Friday’s $1.1442 high, toward $1.1450, with more offers noted around the $1.1500 mark. The focus today is on Euro group’s meeting on Greece. Support lies at $1.1370 (200 HMA), with resistance at $1.1442 (Friday’s high).
