FXstreet.com (Córdoba) - The Euro is moving away from intra-day high against the Dollar. EUR/USD peaked on Wednesday at 1.4367 and currently is testing levels below the 1.4330 zone. Immediate support to the downside could be located at 1.4315 and below at 1.4275. Currently the pair trades at 1.4327/31, 0.57% above today's opening price. The Euro is still up for the day and is rising for the first time after falling in the last six sessions.
The Danske Bank A/S affirms on its outlook for 2010: The recent dollar rebound looks excessive in our view and we expect it to reverse in the new year. We expect ample liquidity, a still dovish Fed, and risk appetite to take EUR/USD back above 1.50 in three month's time.