Little or no bounce in the EUR/USD this morning and it has drifted slowly lower. I haven’t been able to get any confirmed details on the mooted 1.33 option barrier but I guess we’ll soon find out if it’s active or not as we presently are only 13 pips away. 1.3270 is looming as the more pivotal level and if Sovereign bids don’t soon appear then stops below 1.3260 will be seriously targeted, probably in early European trade.