EU president Barroso will propose a an EU recovery plan at the end of November including short-term stimulus. Measures will include help for the jobless, Reuters report.
Also crossing the tape is a comment from BGA, the German exporters group, that they see EUR/USD trading at 1.17 by Q1 of next year.
EUR/USD is taking the comments in stripe, consolidating below resistance at 1.24840/45. It trades now at 1.2810.
