The pair opened at $1.3739 this morning, after a $1.3714 to $1.3746 US trading range overnight. Euro-dollar spent the early hours of the session today in a lackluster $1.3735 to $1.3745 range. Around mid-morning, trade activity picked up a bit as the dollar lost a bit of ground vs the Japanese yen and aussie, and dealers then took aim at some euro-dollar stop-loss buy orders. Euro-dollar edged up through $1.3745 and tripped over a number of stops when it broke above $1.3750. It subsequently jumped to a $1.3768 high, which marks the highest level since Oct 30. Euro-dollar last traded at $1.3754.There are more buy stops ahead should $1.3770 give way, while offers are then seen beyond, near that Oct. 30 high of $1.3785. On the downside, stops remain below $1.3675 with a close below needed that level to ease the current bullish pressure while a close below the $1.3621 breakout level from last week is needed to shift overall focus lower once more
