EUR/USD - 1.2920.. Euro has moved narrowly with a soft undertone in Asian morning as traders are reluctant to buy the single ccy after y'day's sharp 247-point rise to a 2-month high of 1.2955, active sales of eur/yen has weighed on the pair, however, renewed bids reported at 1.2900-80 area (stops are touted below 1.2850)

shud contain pullback n euro's recent upmove is expected to resume n stops by structural shorts wud be hit on the way up. There is talk of a huge option barrier at 1.3000, suggesting traders wud look to sell (profit-taking) euro on upmove in the 1.2975/00 region. In other news, French PM Francois Fillon said the euro zone is overcoming the worst crisis in its history, which was triggered by debt and not by weakness of the single currency (see his other comments in previous udpate).