The pair opened at $1.3660 this morning in Asia just off last night’s $1.3669 US session high but then found itself bogged down in lackluster trading today ahead of the ECB meeting and the US jobs data. Euro-dollar slowly gravitated lower toward $1.3650 in the early hours of the session and found minor support there. RBA Gov. Stevens remarks and the resulting aussie fall provided euro-dollar with a slight lift thanks to euro-aussie gains but these were largely limited to $1.3655. Euro-dollar continued with its slow grind lower in the afternoon, touching a low so far of $1.3647, and was last at $1.3650.Immediate focus has now returned to the $1.3564-1.3604 region with a close below $1.3564 seeing immediate focus shift to June monthly low and overall focus to the 2014 low. Stops are noted below $1.3638 with the euro having found support ahead of this level in NY.
