EUR/USD: Greenback's Rally Accelerating

After a tentative initial reaction to the GDP data, the USD is picking up its pace against the European pairs. Cable is leading the charge, breaking through the 61.8% retracement of its 1.9260/1.9915 rally. Overnight lows at 1.2925 are holding the line so far in EUR/USD. Expect probes to the downside to be tentative amid the usual central bank bid rumors on weakness. 1.2830 expiries are eyed this morning.