Another relatively dull morning for the pair this morning, largely sidelined with most of the market focused on the yen and aussie. Euro-dollar starts at $1.3542 after a $1.3528 to $1.3561 US session range. It traded a $1.3546 high in early trades but then gives back all of the gains, as it slid through opening levels and last night’s US low to land at $1.3524. The move lower then ran into demand interest from just under $1.3525 and at $1.3500, which then supported the pair up to $1.3538. Through the rest of the morning inAsia, euro-dollar shuffled in a $1.3530 to $1.3537 range as market interest in the pair faded. Euro-dollar was last at $1.3548. Ahead, resistance is seen at the overnight high of $1.3561, minor offers seen there and near $1.3580, ahead of larger sell orders at $1.3600 and $1.3625, according to dealers. A close above $1.3561 would then hint at retests of the recent highs although correcting overbought daily tech studies are expected to limit topside follow-through.
