Forex Flash: Still comfortable selling EUR/USD rallies near 1.30 - Westpac
Forex pairs in this Article » EUR/USD
FXstreet.com (Barcelona) - EURUSD had a vigorous bounce off 1.2878 Wednesday low to currently battling through offers around 1.2950. Euro gains came as first House Speaker Boehner and President Obama showed optimism about the US fiscal negotiations, while speculation also grew that the Fed will expand QE at its 11-12 Dec meeting. According to Westpac FX strategist Sean Callow, "this price action doesn't change our underlying preference to sell EUR rallies, ideally just short of 1.3000..."