EUR/USD - 1.2793.. Brisk trading has been evident in early European morning, although st specs sold euro fm 1.2787 to 1.2741, renewed buying abv y'day's low at 1.2732 has lifted euro n intra-day short-covering continued after German July's PMI for both service n manufacturing sectors showed larger-than-expected expansion. Market awaits EU PMI shortly at 07:58GMT, if the figures are better than forecast, may see more short-covering activies after y'day's sharp fall fm 1.2914 to 1.2732. Offers are reported at 1.2800/20 area with some stops abv there.