The euro is retesting rebound highs in the mid 1.2450s after comments from Austrian central banker Nowotny that banking union for Europe is the right idea, though he cautions, it will need time.
Stops are tipped in the low 1.2460s while offers return in the 1.2495/00 area, traders relay. More stops are above 1.25500 and especially above the 1.2525/30 level.