Intraday resistance at 1.2660/65 held a short while ago and EUR/USD has since turned lower, slipping to 1.2630. US equities have given back their gains as well, now down fractionally after being up about three-quarters of a percent when EUR/USD was at New York highs.
With the market quiet, I’ve had a chance to clean out the in-box and read a little Street research. Goldman Sachs likes USD/CAD up to the 1.35 area after the break of 1.3008 earlier today and they think, like Sean, that the buck is toppy on the approach of the 100 level in USD/JPY.