EUR/JPY is likely to be the key for this pair during Asia and with a short term uptrend trying to establish itself, my bias is for buying dips. That should give the EUR/USD a modest lift on the day although selling in other pairs like EUR/GBP may balance some of this out.

A Chinese rate hike, were it to happen today, would probably send EUR/USD lower in sympathy with pairs like AUD/USD but such a move lower would probably be fairly short-lived.

All up I’d suggest a range between 1.3230 and 1.3320.