We're rallying i9n the wake of the as-expected GDP figure. As I noted earlier, revisions tend to be to the downside in the subsequent months, so dealers expect growth to remain sluggish, a prompt for the Fed to keep the QE fires burning. Gold has rallied strongly in the last hour, so EUR/USD looks to be doing a bit of catch-up. 1.3897 is next resistance, 61.8% of the 1.3852/13807 decline.

Source