Traders report large bids from just below the 1.3600 level stretched down to 1.3550. Stops below the 1.3550 level are said to be quite large. Expect strong defense of 1.3500 barriers, if we head that way near-term

EUR/USD is experiencing a relief rally; relief that the feckless EU has stopped talking.

Offers are seen in the 1.3665/80 area on rebounds short-term. We trade now at 1.3627.