Buy stops above 1.3225 have been taken out as rumor circulate of various scenarios to calm market sovereign debt jitters.
A strong bout of buying of EUR/USD at the 15:15 GMT fixing is being blamed for the pop into the 1.3240s at the moment. Resistance at 1.3265/70.
Talk of a EUR 90 bln package of aid for Greece as well as forecasts that the ECB may be forced to buy Greek debt directly is being bandied about.
