Solid offers are reported between 1.2795/1.2810 and fresh bids are also noted this morning around 1.2700 suggesting that this may well be the trading range for the Asian session at least.
The riskier side of the equation would nevertheless seem to be for further gains, depending on what effect the BoJ meeting has on EUR/JPY. Heavy stops are reported above 1.2830 which implies that any move higher may gain additional momentum as it goes.
