The pair crumbled below $1.3500 on Friday in the US for the first time since early February and traded a low of $1.3491 before opening at $1.3528 this morning in Asia. Euro-dollar edged up to $1.3530 in light, early dealings but struggled to get beyond $1.3535 initially. It pulled back a bit to $1.3530 again in the late morning before then making another run higher, this time to $1.3538. Overall trade has been muted with barely any major fresh developments to guide market sentiment. Risk sentiment remains on edge amid the continued violence in Gaza, though better than last week. Combined with oversold daily studies looking to correct, euro-dollar could be poised for a bounce this week with bulls looking for a close above $1.3540 to ease bearish pressure. Stops are noted above $1.3540, $1.3590, $1.3600 and $1.3655. While $1.3540 caps bearscontinue to target the 2014 low with stops noted below $1.3475
