Stops have been triggered as the 1.3125 level has been cleared with some room to spare. Judging by our readership, retail has been selling into EUR strength this morning and I suspect interbank has as well.
There is lots of congestion on the hourly charts around the 1.3210/15 area if the rally proves to have additional legs. 1.3105 is now support on pullbacks. 1.3147 is the session high so far.