There isn't much of a reason to reverse the euro rally trend, so Andrew Ditz, foreign exchange trader at Tempus Consulting, is holding the common currency for now. "In a few weeks, we will lose the momentum that came from the ECB and the euro could see pressure from Spain holding out [on asking for aid]," he says. The Fed's move also weakened the dollar versus the euro. If the euro touches $1.3250 within the next week, Ditz would sell, he says. EUR/USD recently at 1.3122, up 1.03%, according to EBS via CQG.
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