We overshot both sides of the forecast 1.2880/1.2945 by about 5 pips a side, but those levels are still the ones to watch near-term.
Modest resistance is seen around 1.2970/75 but anecdotal reports suggest there is significant supply of EUR/USD to go on rallies above that level on up to 1.3000. If short, a stop above 1.3000 should be safe. Aggressive players may want to add to shorts on a clean break of 1.2880.
