After stops were taken out under 1.2680 the push lower didnt eventuate. A move above 1.2700 is being seen on the back of some EURJPY buying and market covering weak early morning shorts. Initial sellers here in EURUSD between 1.2710-20. Above 1.2720 should see a run to 1.2780. Overall i see it a an opportunity to sell into a rally.