FXstreet.com (Barcelona) - The Euro (EUR) held to a tight range but was under pressure as risk aversion pushed the pair below 1.26. The lack of heavy EUR/JPY sales kept Euro losses to minimum.

News over the weekend that the EU had rejected initial plans for a 180 billion bailout package for Eastern Europe did little to help sentiment, as Easy Forex Team said. February Eurozone PMI Manufacturing was confirmed at 33.5 vs. 34.4 previously.

Overall the EUR/USD traded with a low of 1.2540 and a high of 1.2662 before closing the day at 1.2560.