The pair also witnessed some consolidation this morning in the Asia-Pacific session after some vicious overnight moves following the ECB’s rate decision and President Mario Draghi’s remarks in the news conference. Euro-dollar started this morning at $1.2381 after a $1.2281 to $1.2456 range during the US hours last night. It marked an early high of $1.2394 but was then pushed lower by persistent US dollar demand. Euro-dollar slipped back through the opening level and then to a $1.2375 low before market interest tapered off. Euro-dollar then inched back up to where it had started the day and has since remained near that, to last trade at $1.2383. Stops are noted below $1.2345 and $1.2275 today and topside above $1.2460 and $1.2510. Also, expiries at $1.2350 and $1.2400 may direct trading interest as well while the main event risk for the market remains the US jobs data release
