A little support building in the 1.2965/70 area

Probably China, I’d suspect. They’ve been buying AUD and the BIS has been buying euro (for the last 4 cents, so don’t get too excited….)

Expect a few trailing stops around the 1.3010 area near-term.

I’m told there are some decent 1.3000 vanilla (regular puts and calls, not exotics) expiring at 10 am NY time.