Sitting around 1.2565 when i crawled out of bed and market looking like its in hold mode ahead of this mornings Spanish( 0830GMT) and French (0900 GMT) auctions, with results expected shortly after.

EUR’s trading a 1.2550/70 range in early Europe with bids seen down around 1.2520/30 and offers up around 1.2585/95, buy stops up through 1.2600 initially and then 1.2625.

Haven’t heard any flow information as yet, but will keep you in touch