Nothing ever moves in straight lines for too long and EUR/USD has slipped back to 1.4795 from a session high 1.4821.

There is said to be digital option interest at 1.4825, with a large German bank said to have sold just ahead of it.

I thought the BIS might have been a seller around the highs. They have a tendancy to step in when things look to be getting a little out of hand i.e one-way traffic, but haven’t been able to get confirmation of such.