EUR/USD reached the 1.4008 level, stalling near recent 1.4011 highs from Friday. Stop loss buy orders are building in the 1.4025/50 area, traders say.
Options players remain active, with reports of more range-trading plays being put on this morning. These plays can increase volatility in the short-run if traders suddenly rush into to cover those bets.
EUR/USD trades now at the 1.3986.
