The EUR crosses are turning bullish with EUR/JPY making new highs and EUR/AUD positioning at extreme-short levels. The USD remains solidly in demand most especially against the yen, but overall sentiment towards the US is still stronger than it is towards the EZ.
Sounds to me like we should have some periods of range-trading in the EUR/USD and I’d look to buy near 1.2850/75 and sell near 1.3125/50 (chart in members).