EUR/USD: Returns to Seen of Crime but Falters

EUR/USD rebounded to the 1.2925/30 area that had contained dips until yesterday's ECB press conference but so far has been unable to overcome it. Stops are clustered in the 1.2935 but remain intact. Intraday specs have gotten burned by the resilience in EUR/USD below 1.2870 and are less short as a result. 1.2900 expiries this morning appear to be providing supply on rallies.