Initial technical support for the EUR/USD is at 1.2560 and there are stop-loss orders placed directly below there. Further support at 1.2480/1.2510 is expected to be tougher to crack.

Resistance begins at 1.2630 with more at 1.2556/60. Sell orders are noted 1.2650/70 but there is also talk of large stop-loss buy orders above 1.2665.