EUR/USD: 40 pip range prediction was a bit optimistic

20 pips covers most of the action in Asia between 1.2925/45. EUR/JPY, as usual, was the main driver.

Some reports now of orders not too far away from the market, with sellers at 1.2965/70 and bids at 1.2900/05. That will probably be the European range barring any unexpected occurrences.