EUR/USD looks to be trying to form a medium term base just below 1.3100 with the help of buying from a variety of Asian central banks including China and Korea. Nevertheless, EUR crosses like EUR/JPY, EUR/CHF and EUR/AUD remain quite bearish so any significant EUR/USD rallies can expect to meet some resistance. The levels to watch on the topside are the 100-day MA at 1.3360 and a daily high at 1.3500. Judging by the speed of some of the moves seen last night, EUR/USD could gap higher or lower quite quickly so try not to get caught in mid-range (easier said than done I know).