EUR/USD price action has been cruel today, squuezing just high enough a short while ago to force intraday shorts to cover. No sooner were the shorts coverd than EUR/USD fell 150 points below 1.3100 again, briefly. Talk of Chinese bids remain on dips below the 1.3100 level have resurfaced on this pullback. They were also rumred earlier this morning as we reached 1.3075.