from fxlive :
Early buyers eventually took out offers ahead of 1.2800 with the BIS seen on the bid, but the move stalled into good offers (reportedly ACB) ahead of 1.2810, Poor Spanish auctions and weaker EU GDP forecasts from the OECD led to some risk aversion and a slip back to lows of 1.2742. Offers remain up around 1.2810 with buy stops up through 1.2830 and 1.2855. Bids now lie towards 1.2725 with some sell stops just below.
Early buyers eventually took out offers ahead of 1.2800 with the BIS seen on the bid, but the move stalled into good offers (reportedly ACB) ahead of 1.2810, Poor Spanish auctions and weaker EU GDP forecasts from the OECD led to some risk aversion and a slip back to lows of 1.2742. Offers remain up around 1.2810 with buy stops up through 1.2830 and 1.2855. Bids now lie towards 1.2725 with some sell stops just below.