EUR/USD has dipped through the minor area of support around 1.2770 again as the SNB broadened its intervention to USD/CHF as well as EUR/CHF. A turn to the downside in US equities is helping soften the bid as well. EUR/USD was unable to overcome 1.2850 area where fresh orders were placed after the overnight dip. 1.2745, the low seen after the first reports of USD/CHF buying hit the market is first support followed by stronger support at 1.270. Stops lie at 1.2720/25.