Eur/usd - 1.2779 ... The single currency rebounded fm 1.2763 after the release of much better-than-expected German industrial orders in March which rose by 5% m/m n 26.1% y/y respectively versus the economists forecast of 1.2% m/m n 21.0% y/y. Bids by sovereign names are located at 1.2750/60 n further out at 1.2730 whilst offers are tipped at 1.2860, 1.2900 n further out at 1.2950 n euro's upside shud be ltd as sizeable options with strike price at 1.3000 n 1.3100 will expire in NY cut today.