As Jamie mentioned during his NY session coverage, there was some significant buying interest at 1.3870 and this level should prove a good entry point for intraday traders. 1.4000 proved to be an excellent resistance level overnight so I would be surprised if Asia can manage to get close to there. We spent most of yesterday’s session trading around 1.3950 so I will use this as my topside focus. If I were looking to trade EUR/USD, which I’m not, this 1.3870/1.3950 range would be my session focus.