EUR/USD climb above 1.3730

EUR/USD rises as short-term players in Asia covering short positions, but unlikely to climb above 1.3730 given that sell-orders from Europe investors have been placed around that level, says trader at Tokyo major bank. Adds market could become subdued ahead of EU leaders' meeting on Thursday, limiting further gains for pair. Notes some players hope EU may find solution for sovereign debt worries in some member nations, but "the outlook is very uncertain and players seem unwilling to bet on one particular trading direction."