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Thursday, December 14, 2006

EUR/USD: Stops Run In Break Into 1.3190's

Sell-stops in EUR/USD have been in the push below 1.3200 and as these fuel the drop below 1.3190, selling has accelerated. However, Hong Kong interest into the 1.3185 lows continues to support dips and the earlier talk of reserve manager interest on dips should help support the Euro.

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