The pair saw a late boost last Friday as euro-yen took out the barrier at the Y137.00 level which saw the euro close on its highs but it then witnessed a relatively dull session this morning after it opened at $1.3550 earlier today following a $1.3513 to $1.3554 range in the US on Friday. Euro-dollar marked an early high of $1.3560 as risk appetite improve but ran into pressure from the broader US dollar gains. It came off to $1.3540 but has since been held up relatively well by the stronger euro-yen action. Last week’s$1.3579 high remains the initial focus this week with stops noted above. A close above this level sees immediate focus shift to the somewhat pivotal $1.3650 level and then the $1.3832 Oct monthly high. On the downside, a close below the $1.3400 low from last week is needed to end bullish aspirations and see focus return to the $1.3295 low from Nov 7. Euro-dollar was last at $1.3541 and faces immediate buying interest around the Friday US low, from $1.3515 down to $1.3500.
