Dealers noted demand from options-players in the 1.2580 area, sparking a modest bounce back to 1.2600. Stops are seen in the 1.2570 region while more bids are seen infront of the early-December lows just below 1.2550.
Sellers are seen on rallies to the 1.2635/40 area near-term though trailing stop-loss buy orders are seen just above 1.25640, dealers say.
