Traders report very strong interest overnight from Asian regional central banks to buy dollars against their local currencies ( to maintain export competitiveness) and diversify a percentage of the proceeds into EUR to less dollar reserve exposure. This helped set the stage for the latest leg higher in EUR/USD.
Traders note an option expiry at 1.4825 this morning, so we may see some magnetic attraction toward that level as the clock strikes 10 am in New York.
EUR/USD trades at 1.4801.