In the absence of any key euro zone or US data

In the absence of any key euro zone or US data Tuesday risk perception, based on moves in equities, will likely dictate EUR/USD's direction says Commerzbank. Mostly firm equity markets in Asia, combined with EUR/USD's success in holding above the 1.26 area suggest risks for the rate are biased topside, says the bank, although a breakout of the 1.2450-1.29 range is not yet at risk. EUR/USD trades at 1.2706.