EUR/USD has risen to a point where many traders/funds will sell

USD's int/rate advantage more telling when pair near peak ranges

Despite strong rise EUR/USD still below last year's 1.1276 high

Central banks looking to replenish FX reserves will sell

Stalled rise will encourage traders betting a rise to book profits

SNB big reserve operations top and tail EUR/USD - in this case cap

Eurozone importers will be keen sellers - especially energy firms

Traders betting that euro rises may be encouraged by its resilience