EUR/USD slipped as low as 1.2725 on selling at the 13:15 ECB fixing but prices quickly rebounded was the fixing passed. BIS buying has been seen in recent trade.

EUR/CHF bounced from the SNB’s perceived line in the sand. Expect dip buyers in abundance down here but heavy stop -loss sell orders on a break of the 1.2125 area., especially below 1.2100.

EUR/USD sellers are seen in the 1.2790/1.2810 area but trailing stops are clustered around 1.2820/25.