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Monday, November 27, 2006

EUR/USD: Bouncing Off Of 1.3125 Support

The EUR/USD is making a healthy bounce off of support at 1.3125, as the EUR/JPY has moved back above the 152.00 level. Sellers of the EUR/USD are up around 1.3160 while there is talk of very heavy EUR/JPY selling orders ahead of 152.50. The EUR/USD trades 1.3140/45.

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