EUR/USD Analysis

The pair opened at $1.3592 after chopping around in a $1.3482 to $1.3619 range during the overnight session, with the ECB meeting outcome and President Draghi’s remarks contributing to the euro’s moves. This morning in Asia, euro-dollar settled back in a narrow range ahead of the US job report due tonight. Early market action saw euro-dollar gain early past the overnight to hit $1.3595. The move petered out after euro-yen gave back early gains, with aussie-dollar’s gains also failing to trigger any significant moves. Euro-dollar slipped back to $1.3586 and has shown little inclination to test those limits so far today. The pair was last at $1.3590 ahead of the start of the Europeansession