The pair started in Asia this morning at $1.3561 after a $1.3522 to $1.3570 range overnight in the US. It saw a slow start to the session, confined to a narrow $1.3555 to $1.3565 range in the early hours. Euro-dollar was then carried off the morning low as the Australian dollar rallied following the release of Q4 CPI data. Euro-dollar went to $1.3573 a few minutes after where it paused for a bit. It extended the high after that to $1.3580 but struggled from there as euro-aussie began to get dragged down by the aussie’s strength. The cross was last at A$1.5296, near the day’s A$1.5292 low. The pair broke below initial support at the 21-day moving average of A$1.5328, whichshifts the immediate focus lower to retests of A$1.5203. Euro-dollar meanwhile reversed direction back toward the earlier lows and was last at $1.3558 with stops noted on a break below $1.3500, while the pair continues to trade below the 100-day moving average at $1.3575
