EUR/USD is taking a breather after a nearly 140 pip rally from overnight lows. Further resistance lies up at the 1.2960. Stops are seen above that latter level but sellers are stacked from 1.2970 through 1.3000, with most in the 1.2980/00 area, market contacts relay.
Small bids are seen on dips to the 1.2900/10 area near-term.
