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EURUSD: Talk of Asian Sovereign bids

By   || July 8, 2009 at 02:20 GMT
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For what its worth, Im hearing that there are Asian Sovereign bids down here under 1.3900. Rumor has it they bought at the lows earlier, squeezing market back up to 1.3910.

I would be watching the 1.3970 level, under that and there will be a rapid fall. Will also depend on how much more EURJPY selling there is to be done in Asia today.

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