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EUR/USD bounce running into headwinds towards 1.2950

From fxbriefs.com

Offers I mentioned earlier up at 1.2910/20 have been filled in this latest rally from just under 1.2900, and the market now focusing on stops through 1.2950 and the fibo target of 1.2967 (38.2% of 1.3243/1.2796).Expect some buy stops on a break here ahead of stronger offers running into 1.3000. The broad USD weakness has also permeated into the beleaguered AUD/USD which has just broken back up through 0.9600 tripping stops to highs of 0.9626. (full story)

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