Despite some concrete progress on avoiding the fiscal cliff, EUR/USD remains locked in a tight consolidation range below 1.3200. Barriers are being protected at that level while steady central bank buying is seen on any weakness. Support is fir, at 1.3140/45; stops lick in below 1.3120.
There are stops above 1.3200 but it is not all smooth sailing to the topside on the order books, traders report. Good selling is seen around 1.3225/30 into strength, we hear.
