The pair climbed to $1.3782 last night in the US but could only muster a narrow $1.3730 to $1.3744 range in Asia today. The easing of the Ukraine crisis provided only a calming effect for the euro market but didn’t trigger any significant risk-on rally. Euro-dollar started at $1.3743 this morning and eased to $1.3737 in opening dealings. It got a brief lift from a positive start in regional stocks but eventually gave up those gains and driftedlower as traders started pricing in the possibility of a dovish tone when the ECB ends its policy meeting on Thursday. Euro-dollar was last at $1.3734 with euro area ith services PMI data likely to be an early interest point ahead. The $1.3694 level remains key support this week with stops noted below and a close below this level seeing initial focus return to a retest of the key 100-DMA($1.3635). The 21-day upper Bollinger band comes in at $1.3535 today and with closes above a rarity any topside follow through may be limited
