FXstreet.com (California) - EUR/USD has been relatively quiet in Asia, stuck in a range-bound trade so far as speculation that the Fed?s retreat at Jackson Hole on Friday won?t yield any pledges for additional easing keeps the pair top heavy.

The cross opened Thursday morning at 1.4413 and dipped into the 1.4390 zone before a slight bounce back to current levels. At the time of writing, EUR/USD is quoted in the 1.4405 price zone and edging higher, around 10 pips below the open.

At the close of trade in NY, ?Prices put in a bearish Spinning Top candlestick below familiar trend line resistance set from the late April top and moved lower. Initial support now stands at 1.4332, the 38.2% Fibonacci extension level, with further selling exposing the 50% and 61.8% levels at 1.4275 and 1.4218, respectively,? comments analysts at DailyFX.