EUR/USD is extending its rebound, approaching intraday resistance at 1.2660/65. A fresh rally in US equities is helping EUR/US lengthen its rebound off this morning’s 1.2554 lows. A break of the 1.2665 targets a rebound to the 1.2720 level. As noted earlier by one of our astute commenters, Central banks were sellers toward that level on Friday. They are doing an outstanding job of keeping the market well contained.