EUR/USD

Its Edging higher in recent trade, lifting to $1.2640 area in
current trade in fairly quiet conditions.
Overnight sell-off saw the euro skid to $1.2610 level in European trade before the pair regained
any poise, with talk of sovereign demand and longer-term fund buying
said to have provided the bid tone.
Bids said to extend to $1.2595 or so, stops a risk below there as the lower end of the recent range
remains the zone to play in.
Offers a top $1.2660 should the rebound extend.