The pair has had a quiet but fairly choppy session so far this morning in the Asia-Pacific after it spent the US hours in a $1.1155 to $1.128 range during Tuesday’s session. Euro-dollar traded up to $1.1184 high this morning following its open of $1.1176 but had difficulty extending the rise toward $1.1200. It pulled back off that high but found minor interim support off $1.1177 for a few hours after. The pair later traded marginally below that for a low of $1.1173. The euro has continued to trade with a slightly heavy tone through the early afternoon and was last at $1.1166. There has been talk of sell orders building around the $1.1200 mark, apparently linked to earlier reported offers at $1.1240/50. Below, dip demand is seen near the daily 76.4% level of $1.1170, further demand then seen in the $1.1150/40 region, and stops just below, before more bids are then seen around the $1.1100 mark.
