EUR/USD: Rebounds from Probe Below 1.2900

EUR/USD is rebounding from another probe below 1.2900, in very similar fashion to the way it rebounded yesterday on a similar dip following US PPI data. Central bank buying was rumored yesterday on dips and similar talk is making the rounds again today. 1.2940/50 offers are seen on rebounds. Look for quiet range trade once intraday shorts are covered. Sadly, EUR/USD looks to be going nowhere fast.