The pair started in Asia this morning at $1.3681 and with the prospects of today’s closure in most European markets, players in the region were reluctant to actively trade this pair. Euro-dollar was held in a narrow range between $1.3664 and $1.3686 through the morning, recovering from the initial lows as euro-yen gained after the positive open in Japanese stocks. Euro-dollar continued to edge slowly higher and traded the high in the late morning. It was last at $1.3682 with immediate support spied at $1.3650 lowtraded yesterday. On top, immediate resistance is seen at $1.3717, and while that level caps, the immediate focus for euro-dollar remains on retests of the somewhat pivotal $1.3621 with a break lower currently favored that sees focus then shift to the $1.3485-21 region.
