EUR/USD has dipped back to session lows at 1.2480 after resistance at 1.2640 continued the earlier rally. Heavy losses in stocks , commodities and bond yields are helping support the dollar across the board today.

Stop-loss sell orders are eyed in the 1.2570 while fresh buyers are eyed near the 1.2548 lows put in place back in December. Heavy stops are eyed on a break of that level. Barrier options are said to be large at 1.2500.