• No discussions at G20 meeting about plans to use Eu rescue funds to buy bonds of crisis-hit members

EUR/USD slips back below 1.2700 on the denial.

Levels to watch on the way back down: 1.2669 (38.2% retracement of 1.2570/1.2730)

1.2650: 50% of same move.

1.2630: 61.8% of same move plus the top of the range through late Europe/early New York.