Asia tried to sell the EUR/USD again today but Sovereign buying interest around 1.3250 again got the better of the bears and now shorts are being forced to cover before Europe comes in. I’ve just spoken with a couple of typical EUR/USD bears and their primary concern is any announcement regarding the EFSF which might set off a fresh batch of short-covering. EUR/USD is currently trading at session highs around 1.3305. Sell orders have been reported starting at 1.3320.