EUR/USD has come under pressure in early European trade, presently down at 1.3005, with the Bank of China said to have been a notable seller. Sources report orders lined up on both sides of the ball. Sell orders are seen up at 1.3060/70 and then decent-sized amounts seen lined up at 1.3100.

On the downside, buy orders are seen initially at 1.2980 and then more down at 1.2940/60. Sell stops are said to be gathering down in 1.2915/20 area.