What do quiet range-trading markets do? Extend the range just far enough to trigger the stops inevitably perched just outside the range. A batch are seen in the 1.4260 area, so they will likely get popped before the market reverts right back to the old range.
Asian offers were rumored up here earlier in the day but we have not heard any talk about them lately. EUR/USD trades at 1.4253, just below 1.4258 highs.
