Another session spent in slumber for the pair, following a fairly volatile overnight session, which saw euro-dollar fall to $1.3846 following remarks from ECB President Draghi. The pair opened at $1.3868 and early risk-off trades then pushed the pair down to $1.3859. Euro-yen’s mild recovery gave euro-dollar a mild lift to $1.3866, which briefly extended to around $1.3872 around mid-morning. That was not sustained and euro-dollar pulled back to a new session low of $1.3856 as the market offloaded positions ahead of the weekend. Euro-dollar was last at $1.3863, with $1.3824 support seen as key for the pair and a close below likely to end bullish aspirations and see theimmediate focus shift to a retest of the 21-day moving average at $1.3779 currently, and then the $1.3694 Feb 28 low.
