EUR/USD steady in early trade, talk of ACB interest

EUR/USD relatively steady in early European trade, presently at 1.2710.

Picking up talk of buy orders down at 1.2690, rumoured to involve Asian sovereign interest. Will be interesting to see whether they hold the downside this morning.

EDIT: Looks like we’re about to find out as EUR/USD slips through 1.2700.

Well there’s definitely someone there at 90 as we pause. Battle joined.